adidas Balance Sheet Health
Financial Health criteria checks 5/6
adidas has a total shareholder equity of €5.2B and total debt of €3.1B, which brings its debt-to-equity ratio to 59.3%. Its total assets and total liabilities are €18.4B and €13.2B respectively. adidas's EBIT is €556.0M making its interest coverage ratio 3. It has cash and short-term investments of €1.1B.
Key information
59.3%
Debt to equity ratio
€3.10b
Debt
Interest coverage ratio | 3x |
Cash | €1.09b |
Equity | €5.22b |
Total liabilities | €13.18b |
Total assets | €18.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1ADS's short term assets (€10.2B) exceed its short term liabilities (€8.1B).
Long Term Liabilities: 1ADS's short term assets (€10.2B) exceed its long term liabilities (€5.1B).
Debt to Equity History and Analysis
Debt Level: 1ADS's net debt to equity ratio (38.5%) is considered satisfactory.
Reducing Debt: 1ADS's debt to equity ratio has increased from 24.3% to 59.3% over the past 5 years.
Debt Coverage: 1ADS's debt is well covered by operating cash flow (85%).
Interest Coverage: 1ADS's interest payments on its debt are well covered by EBIT (3x coverage).