adidas Balance Sheet Health
Financial Health criteria checks 5/6
adidas has a total shareholder equity of €5.4B and total debt of €3.0B, which brings its debt-to-equity ratio to 56.7%. Its total assets and total liabilities are €19.6B and €14.3B respectively. adidas's EBIT is €727.0M making its interest coverage ratio 4.2. It has cash and short-term investments of €1.7B.
Key information
56.7%
Debt to equity ratio
€3.04b
Debt
| Interest coverage ratio | 4.2x |
| Cash | €1.73b |
| Equity | €5.36b |
| Total liabilities | €14.27b |
| Total assets | €19.62b |
Recent financial health updates
These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Reasonably Well
Jun 19
adidas (ETR:ADS) Is Making Moderate Use Of Debt
Feb 26adidas (ETR:ADS) Takes On Some Risk With Its Use Of Debt
Oct 23adidas (ETR:ADS) Has A Somewhat Strained Balance Sheet
Jul 10These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Extensively
Mar 20Here's Why adidas (ETR:ADS) Has A Meaningful Debt Burden
Dec 11Recent updates
We Like The Quality Of adidas' (ETR:ADS) Earnings
Aug 06These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Reasonably Well
Jun 19Are Investors Undervaluing adidas AG (ETR:ADS) By 29%?
May 27What adidas AG's (ETR:ADS) P/S Is Not Telling You
Apr 17What Does adidas AG's (ETR:ADS) Share Price Indicate?
Apr 02Some Investors May Be Worried About adidas' (ETR:ADS) Returns On Capital
Mar 12adidas (ETR:ADS) Is Making Moderate Use Of Debt
Feb 26An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 31% Undervalued
Feb 08adidas AG's (ETR:ADS) Shareholders Might Be Looking For Exit
Jan 03Why adidas AG (ETR:ADS) Could Be Worth Watching
Dec 14An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 37% Undervalued
Nov 07adidas (ETR:ADS) Takes On Some Risk With Its Use Of Debt
Oct 23adidas (ETR:ADS) Will Be Hoping To Turn Its Returns On Capital Around
Sep 22Why adidas AG (ETR:ADS) Could Be Worth Watching
Aug 10A Look At The Fair Value Of adidas AG (ETR:ADS)
Jul 26adidas (ETR:ADS) Has A Somewhat Strained Balance Sheet
Jul 10adidas (ETR:ADS) Will Be Hoping To Turn Its Returns On Capital Around
Jun 24Is There Now An Opportunity In adidas AG (ETR:ADS)?
May 03An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 21% Undervalued
Apr 04These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Extensively
Mar 20Be Wary Of adidas (ETR:ADS) And Its Returns On Capital
Feb 20Is Now The Time To Look At Buying adidas AG (ETR:ADS)?
Jan 23Estimating The Intrinsic Value Of adidas AG (ETR:ADS)
Dec 25Here's Why adidas (ETR:ADS) Has A Meaningful Debt Burden
Dec 11Returns On Capital At adidas (ETR:ADS) Paint A Concerning Picture
Nov 11Is Now The Time To Look At Buying adidas AG (ETR:ADS)?
Oct 11We Think adidas (ETR:ADS) Can Stay On Top Of Its Debt
Sep 11Returns On Capital Signal Tricky Times Ahead For adidas (ETR:ADS)
Aug 11At €163, Is adidas AG (ETR:ADS) Worth Looking At Closely?
Jul 12Is adidas (ETR:ADS) A Risky Investment?
Jun 08Financial Position Analysis
Short Term Liabilities: ADS's short term assets (€11.1B) exceed its short term liabilities (€8.8B).
Long Term Liabilities: ADS's short term assets (€11.1B) exceed its long term liabilities (€5.5B).
Debt to Equity History and Analysis
Debt Level: ADS's net debt to equity ratio (24.4%) is considered satisfactory.
Reducing Debt: ADS's debt to equity ratio has increased from 31.7% to 56.7% over the past 5 years.
Debt Coverage: ADS's debt is well covered by operating cash flow (96.6%).
Interest Coverage: ADS's interest payments on its debt are well covered by EBIT (4.2x coverage).