Nike Inc (NKE)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $13,213,000K
= 0.00

The data indicates that Nike Inc.'s debt-to-equity ratio has consistently been zero across all reported periods, from August 31, 2020, through May 31, 2025. This uniformity suggests that the company has maintained a debt-free capital structure during this timeframe, relying entirely on equity financing and internal funds for its operations and growth activities. The absence of leverage, as evidenced by the zero debt-to-equity ratio, implies a conservative financial approach, minimizing financial risk associated with debt obligations. It also reflects strong solvency and liquidity positions, potentially reducing interest expenses and enhancing financial stability. Overall, Nike Inc.’s sustained debt-free status indicates a strategy focused on maintaining a strong equity base, which could be appealing to stakeholders seeking stability and low financial leverage.


Peer comparison

May 31, 2025

Company name
Symbol
Debt-to-equity ratio
Nike Inc
NKE
0.00
Crocs Inc
CROX
0.74
Deckers Outdoor Corporation
DECK
0.00

See also:

Nike Inc Debt to Equity (Quarterly Data)