Nike Inc (NKE)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,903,000 | 8,930,000 | 8,930,000 | 8,929,000 | 8,927,000 | 8,925,000 | 8,924,000 | 8,922,000 | 8,920,000 | 9,418,000 | 9,417,000 | 9,415,000 | 9,413,000 | 9,412,000 | 9,410,000 | 9,408,000 | 9,406,000 | 3,463,000 | 3,462,000 | 3,463,000 |
| Total assets | US$ in thousands | 38,110,000 | 37,356,000 | 37,203,000 | 36,786,000 | 37,531,000 | 38,294,000 | 39,647,000 | 41,088,000 | 40,321,000 | 38,577,000 | 38,917,000 | 37,917,000 | 37,740,000 | 36,185,000 | 34,836,000 | 33,258,000 | 31,342,000 | 26,220,000 | 26,602,000 | 26,249,000 |
| Debt-to-assets ratio | 0.21 | 0.24 | 0.24 | 0.24 | 0.24 | 0.23 | 0.23 | 0.22 | 0.22 | 0.24 | 0.24 | 0.25 | 0.25 | 0.26 | 0.27 | 0.28 | 0.30 | 0.13 | 0.13 | 0.13 |
May 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,903,000K ÷ $38,110,000K
= 0.21
The debt-to-assets ratio of Nike Inc has displayed some fluctuation over the past few years, ranging from 0.13 to 0.30. The ratio indicates the proportion of total liabilities to total assets, reflecting the company's degree of financial leverage and risk.
In recent periods, the ratio has generally been maintained within the range of 0.21 to 0.24. This suggests that Nike has been able to effectively manage its debt levels relative to its asset base. However, there was a notable increase in the ratio in the earlier periods of 2020 and 2021, reaching as high as 0.30, which may indicate a higher reliance on debt financing during those times.
Overall, the trend of the debt-to-assets ratio for Nike Inc indicates a relatively stable financial position with a moderate level of debt in relation to its assets. It would be important for the company to continue monitoring and managing its debt levels to maintain a healthy balance sheet and financial stability.
Peer comparison
May 31, 2024