NIKE Balance Sheet Health
Financial Health criteria checks 5/6
NIKE has a total shareholder equity of $14.4B and total debt of $8.9B, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are $38.1B and $23.7B respectively. NIKE's EBIT is $6.3B making its interest coverage ratio -39.2. It has cash and short-term investments of $11.6B.
Key information
61.7%
Debt to equity ratio
US$8.91b
Debt
Interest coverage ratio | -39.2x |
Cash | US$11.58b |
Equity | US$14.43b |
Total liabilities | US$23.68b |
Total assets | US$38.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKED's short term assets ($25.4B) exceed its short term liabilities ($10.6B).
Long Term Liabilities: NKED's short term assets ($25.4B) exceed its long term liabilities ($13.1B).
Debt to Equity History and Analysis
Debt Level: NKED has more cash than its total debt.
Reducing Debt: NKED's debt to equity ratio has increased from 38.5% to 61.7% over the past 5 years.
Debt Coverage: NKED's debt is well covered by operating cash flow (79.3%).
Interest Coverage: NKED earns more interest than it pays, so coverage of interest payments is not a concern.