How much debt does NIKE have?
According to NIKE's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
NIKE's total debt stands at $11.95B. This is broken down into:
- Long-term debt: $10.47B
- Short-term debt: $1.48B
The company's net debt, which accounts for cash and cash equivalents, is $2.09B. In terms of overall financial obligations, NIKE's total liabilities amount to $23.68B.
Debt Ratios and Metrics
To better understand NIKE's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.83 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 31.36% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 0.00 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 42.05% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 45.30% - this indicates the total debt in the company's capital structure.
These metrics provide insight into NIKE's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$11.95B
Long-term Debt
$10.47B
Short-term Debt
$1.48B
Net Debt
$2.09B
Total Liabilities
$23.68B
Interest Coverage
0.00
Debt to Equity Ratio
0.83
Debt Ratio
31.36%
NIKE Historical Debt Metrics
NIKE Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
---|---|---|---|---|---|---|---|---|---|---|
2024 | $11.95B | $10.47B | $1.48B | $2.09B | $23.68B | 0.83 | 31.36% | 0.00 | 42.05% | 45.30% |
2023 | $12.14B | $11.71B | $431.00M | $4.70B | $23.53B | 0.87 | 32.36% | -17.68 | 45.55% | 46.44% |
2022 | $12.63B | $11.70B | $930.00M | $4.05B | $25.04B | 0.83 | 31.32% | -28.46 | 43.36% | 45.25% |
2021 | $12.81B | $12.34B | $469.00M | $2.92B | $24.97B | 1.00 | 33.95% | 23.44 | 49.16% | 50.09% |
2020 | $13.02B | $12.32B | $696.00M | $4.67B | $23.29B | 1.62 | 41.53% | 22.43 | 60.46% | 61.77% |
2019 | $3.48B | $3.46B | $15.00M | $-987.00M | $14.68B | 0.38 | 14.67% | -5.41 | 27.70% | 27.79% |
2018 | $3.81B | $3.47B | $342.00M | $-439.00M | $12.72B | 0.39 | 16.91% | 82.31 | 26.11% | 27.97% |
2017 | $3.80B | $3.47B | $331.00M | $-6.00M | $10.85B | 0.31 | 16.35% | 80.49 | 21.86% | 23.46% |
2016 | $2.06B | $2.01B | $45.00M | $-1.08B | $9.14B | 0.17 | 9.60% | 236.95 | 14.09% | 14.36% |
2015 | $1.26B | $1.08B | $181.00M | $-2.59B | $8.89B | 0.10 | 5.83% | 150.18 | 7.83% | 9.02% |