Nike Inc (NKE)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $13,213,000K
= 0.00
The analysis of Nike Inc.'s debt-to-equity ratio over the specified period reveals a consistent pattern of a zero ratio from May 31, 2021, through May 31, 2025. This indicates that Nike has maintained a debt-free capital structure during these years, with no reported debt relative to its equity. Such a stable and zero debt-to-equity ratio suggests the company relies entirely on shareholder equity to finance its operations, exhibiting a conservative approach to leverage. This financial strategy reduces the company's interest expense obligations and financial risk, potentially providing a cushion during economic downturns. Overall, Nike's persistent zero debt-to-equity ratio over the observed years emphasizes a conservative capital structure with no apparent reliance on external debt financing.
Peer comparison
May 31, 2025