NIKE Balance Sheet Health
Financial Health criteria checks 5/6
NIKE has a total shareholder equity of $13.9B and total debt of $9.0B, which brings its debt-to-equity ratio to 64.6%. Its total assets and total liabilities are $37.9B and $23.9B respectively. NIKE's EBIT is $6.4B making its interest coverage ratio -37.4. It has cash and short-term investments of $10.3B.
Key information
64.6%
Debt to equity ratio
US$9.01b
Debt
| Interest coverage ratio | -37.4x |
| Cash | US$10.29b |
| Equity | US$13.94b |
| Total liabilities | US$23.92b |
| Total assets | US$37.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKE's short term assets ($25.0B) exceed its short term liabilities ($10.6B).
Long Term Liabilities: NKE's short term assets ($25.0B) exceed its long term liabilities ($13.3B).
Debt to Equity History and Analysis
Debt Level: NKE has more cash than its total debt.
Reducing Debt: NKE's debt to equity ratio has increased from 40.4% to 64.6% over the past 5 years.
Debt Coverage: NKE's debt is well covered by operating cash flow (87.6%).
Interest Coverage: NKE earns more interest than it pays, so coverage of interest payments is not a concern.