Nike Inc (NKE)
Debt-to-capital ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 13,213,000 | 14,430,000 | 14,004,000 | 15,281,000 | 12,767,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $13,213,000K)
= 0.00
The debt-to-capital ratio for Nike Inc. has consistently been reported as zero across the analyzed periods, specifically from May 31, 2021, through May 31, 2025. This indicates that, during these fiscal years, the company has not employed debt financing to fund its operations or growth initiatives. A debt-to-capital ratio of zero suggests that Nike's capital structure is entirely equity-based, with no reliance on borrowed funds. This financial positioning implies a conservative approach to debt management, potentially reducing financial risk associated with interest obligations and debt repayments. Nonetheless, it may also limit leverage benefits that can arise from debt financing, such as tax shields and increased capital for expansion. Overall, the data reflects a consistent pattern of zero debt leverage in Nike's capital structure over the specified period.
Peer comparison
May 31, 2025