adidas Balance Sheet Health
Financial Health criteria checks 4/6
adidas has a total shareholder equity of €4.9B and total debt of €3.0B, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are €18.0B and €13.1B respectively. adidas's EBIT is €280.0M making its interest coverage ratio 2.3. It has cash and short-term investments of €1.5B.
Key information
60.5%
Debt to equity ratio
€2.98b
Debt
Interest coverage ratio | 2.3x |
Cash | €1.48b |
Equity | €4.93b |
Total liabilities | €13.10b |
Total assets | €18.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0OLD's short term assets (€9.8B) exceed its short term liabilities (€8.0B).
Long Term Liabilities: 0OLD's short term assets (€9.8B) exceed its long term liabilities (€5.1B).
Debt to Equity History and Analysis
Debt Level: 0OLD's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: 0OLD's debt to equity ratio has increased from 26.3% to 60.5% over the past 5 years.
Debt Coverage: 0OLD's debt is well covered by operating cash flow (88.3%).
Interest Coverage: 0OLD's interest payments on its debt are not well covered by EBIT (2.3x coverage).