Nike Inc (NKE)
Current ratio
| May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 25,202,000 | 28,213,000 | 26,291,000 | 20,556,000 | 16,525,000 |
| Total current liabilities | US$ in thousands | 9,256,000 | 10,730,000 | 9,674,000 | 8,284,000 | 7,866,000 |
| Current ratio | 2.72 | 2.63 | 2.72 | 2.48 | 2.10 |
May 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $25,202,000K ÷ $9,256,000K
= 2.72
The current ratio of Nike, Inc. has shown a consistent improvement over the past five years, indicating the company's strengthening liquidity position. As of May 31, 2023, the current ratio stands at 2.72, reflecting a slight increase from the prior year. This suggests that the company's current assets are 2.72 times higher than its current liabilities, indicating a healthy ability to meet its short-term obligations. The upward trend in the current ratio signifies improved working capital management and efficient utilization of resources. Overall, the current ratio indicates Nike's strong short-term financial position and ability to withstand economic challenges.
Peer comparison
May 31, 2023