Nike Inc (NKE)
Quick ratio
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 9,860,000 | 8,960,000 | 7,919,000 | 6,178,000 | 7,441,000 | 6,955,000 | 6,490,000 | 7,226,000 | 8,574,000 | 8,704,000 | 10,751,000 | 10,720,000 | 9,889,000 | 8,516,000 | 8,635,000 | 8,148,000 | 8,348,000 | 2,863,000 | 3,070,000 | 3,446,000 |
| Short-term investments | US$ in thousands | 1,722,000 | 1,613,000 | 2,008,000 | 2,612,000 | 3,234,000 | 3,847,000 | 4,131,000 | 4,650,000 | 4,423,000 | 4,763,000 | 4,352,000 | 2,975,000 | 3,587,000 | 4,012,000 | 3,177,000 | 1,332,000 | 439,000 | 319,000 | 432,000 | 198,000 |
| Receivables | US$ in thousands | 4,427,000 | 4,526,000 | 4,782,000 | 4,749,000 | 4,131,000 | 4,513,000 | 5,437,000 | 4,960,000 | 4,667,000 | 3,827,000 | 3,746,000 | 4,341,000 | 4,463,000 | 3,669,000 | 3,713,000 | 3,813,000 | 2,749,000 | 4,473,000 | 4,792,000 | 4,656,000 |
| Total current liabilities | US$ in thousands | 10,593,000 | 9,029,000 | 8,999,000 | 8,461,000 | 9,256,000 | 9,548,000 | 10,199,000 | 10,919,000 | 10,730,000 | 8,818,000 | 8,857,000 | 8,269,000 | 9,674,000 | 8,894,000 | 8,871,000 | 8,619,000 | 8,284,000 | 8,280,000 | 8,264,000 | 8,070,000 |
| Quick ratio | 1.51 | 1.67 | 1.63 | 1.60 | 1.60 | 1.60 | 1.57 | 1.54 | 1.65 | 1.96 | 2.13 | 2.18 | 1.85 | 1.82 | 1.75 | 1.54 | 1.39 | 0.92 | 1.00 | 1.03 |
May 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,860,000K
+ $1,722,000K
+ $4,427,000K)
÷ $10,593,000K
= 1.51
The quick ratio of Nike Inc has been relatively stable over the periods analyzed, fluctuating between 0.92 and 2.18. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets, excluding inventory. A quick ratio above 1 indicates that Nike has sufficient liquid assets to cover its short-term obligations.
Nike's quick ratio has generally been above 1, signaling a healthy liquidity position and ability to meet its short-term financial commitments. The higher quick ratio values seen in recent periods suggest that Nike has an increased ability to cover its liabilities with its most liquid assets. However, a slight decrease in the quick ratio in the latest period may warrant further monitoring to ensure Nike's liquidity remains strong. Overall, Nike's quick ratio indicates a solid liquidity position, which is essential for financial stability and operational flexibility.
Peer comparison
May 31, 2024