NIKE Balance Sheet Health
Financial Health criteria checks 5/6
NIKE has a total shareholder equity of $14.2B and total debt of $8.9B, which brings its debt-to-equity ratio to 62.8%. Its total assets and total liabilities are $37.4B and $23.1B respectively. NIKE's EBIT is $6.0B making its interest coverage ratio -44. It has cash and short-term investments of $10.6B.
Key information
62.8%
Debt to equity ratio
US$8.94b
Debt
Interest coverage ratio | -44x |
Cash | US$10.57b |
Equity | US$14.23b |
Total liabilities | US$23.13b |
Total assets | US$37.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKE's short term assets ($24.8B) exceed its short term liabilities ($9.0B).
Long Term Liabilities: NKE's short term assets ($24.8B) exceed its long term liabilities ($14.1B).
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 38.9% to 62.8% over the past 5 years.
Debt Coverage: NKE's debt is well covered by operating cash flow (79%).
Interest Coverage: NKE earns more interest than it pays, so coverage of interest payments is not a concern.