Nike Inc (NKE)

Debt-to-capital ratio

May 31, 2025 Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 13,213,000 14,007,000 14,037,000 13,944,000 14,430,000 14,226,000 14,146,000 13,971,000 14,004,000 14,531,000 15,272,000 15,822,000 15,281,000 14,809,000 14,924,000 14,343,000 12,767,000 11,931,000 10,640,000 9,224,000
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 data indicates that Nike Inc.'s debt-to-capital ratio has consistently been zero across all reported dates from August 31, 2020, through May 31, 2025. This persistent ratio at zero suggests that the company has not utilized any external debt in its capital structure during this period, relying entirely on equity financing. The absence of debt implies a conservative leverage profile, potentially reflecting a strategic choice to maintain a protected balance sheet position or sufficient liquidity from operations and equity. Overall, Nike Inc.’s zero debt-to-capital ratio over the observed timeframe underscores a debt-free capital structure, highlighting minimal or no reliance on borrowed funds in financing its assets and operations.


Peer comparison

May 31, 2025

Company name
Symbol
Debt-to-capital ratio
Nike Inc
NKE
0.00
Crocs Inc
CROX
0.42
Deckers Outdoor Corporation
DECK
0.00

See also:

Nike Inc Debt to Capital (Quarterly Data)