Nike Inc (NKE)
Current ratio
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 25,382,000 | 25,202,000 | 28,213,000 | 26,291,000 | 20,556,000 |
| Total current liabilities | US$ in thousands | 10,593,000 | 9,256,000 | 10,730,000 | 9,674,000 | 8,284,000 |
| Current ratio | 2.40 | 2.72 | 2.63 | 2.72 | 2.48 |
May 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $25,382,000K ÷ $10,593,000K
= 2.40
The current ratio of Nike Inc has shown some fluctuation over the past five years. As of May 31, 2024, the current ratio stands at 2.40, a decrease from the prior year's ratio of 2.72. This indicates that the company may have slightly less short-term assets relative to its short-term liabilities compared to the previous year. However, it is important to note that a current ratio of 2.40 still suggests that Nike Inc has ample current assets to cover its current liabilities, providing a healthy cushion for short-term liquidity needs. This trend in the current ratio should be monitored to ensure that Nike Inc maintains a strong financial position in the future.
Peer comparison
May 31, 2024