Nike Inc (NKE)
Quick ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 7,464,000 | 9,860,000 | 7,441,000 | 8,574,000 | 9,889,000 |
| Short-term investments | US$ in thousands | 1,687,000 | 1,722,000 | 3,234,000 | 4,423,000 | 3,587,000 |
| Receivables | US$ in thousands | 4,717,000 | 4,427,000 | 4,131,000 | 4,667,000 | 4,463,000 |
| Total current liabilities | US$ in thousands | 10,566,000 | 10,593,000 | 9,256,000 | 10,730,000 | 9,674,000 |
| Quick ratio | 1.31 | 1.51 | 1.60 | 1.65 | 1.85 |
May 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,464,000K
+ $1,687,000K
+ $4,717,000K)
÷ $10,566,000K
= 1.31
The quick ratio of Nike Inc. has demonstrated a consistent declining trend over the analyzed period from May 31, 2021, to May 31, 2025. Specifically, the ratio decreased from 1.85 in 2021 to 1.65 in 2022, further declining to 1.60 in 2023, then to 1.51 in 2024, and reaching 1.31 in 2025. This progressive decline indicates a gradual reduction in the company's ability to meet its short-term obligations using its most liquid assets, excluding inventories. Despite the downward trend, the ratio remains above 1.0 throughout the period, suggesting that Nike continues to maintain a comfortable liquidity position relative to its current liabilities. The persistent decrease may signal changes in the company's liquidity management or shifts in current asset composition, warranting ongoing monitoring for potential implications on financial stability.
Peer comparison
May 31, 2025