Nike Inc’s solvency score is 82/100. We take all the information about a company’s solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and consolidate it into one single number – the solvency score.
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Is NIKE a solvent company?
A solvency ratio calculated as total debt divided by total assets. Nike Inc. debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022. A solvency ratio calculated as total debt (including operating lease liability) divided by total assets.
What is NIKE’s liquidity ratio?
Current ratio can be defined as a liquidity ratio that measures a company’s ability to pay short-term obligations. NIKE current ratio for the three months ending May 31, 2022 was 2.63.
What is NIKE’s equity ratio?
1 Nike’s capital structure has high equity capital relative to debt, with a debt-to-equity ratio of 0.66, though this figure rose sharply in 2020 due to store closures. 2 The company’s enterprise value grew rapidly in the five years leading up to 2021, driven almost entirely by the appreciating value of its equity.
What is a company’s solvency ratio?
A solvency ratio indicates whether a company’s cash flow is sufficient to meet its long-term liabilities and thus is a measure of its financial health. An unfavorable ratio can indicate some likelihood that a company will default on its debt obligations.
What is Nike’s quick ratio?
Nike has a quick ratio of 1.84. It generally indicates good short-term financial strength.
What is the profitability of Nike?
NIKE annual gross profit for 2022 was $21.479B, a 7.6% increase from 2021. NIKE annual gross profit for 2021 was $19.962B, a 22.91% increase from 2020. NIKE annual gross profit for 2020 was $16.241B, a 7.06% decline from 2019.
Does NIKE have good liquidity?
A liquidity ratio calculated as current assets divided by current liabilities. Nike Inc. current ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.
Is Nikes current ratio good?
Nike has a current ratio of 2.63. It generally indicates good short-term financial strength.
What is a good liquidity ratio?
A good liquidity ratio is anything greater than 1. It indicates that the company is in good financial health and is less likely to face financial hardships. The higher ratio, the higher is the safety margin that the business possesses to meet its current liabilities.
What is NIKE’s brand equity?
Nike has retained the title of the world’s most apparel brand for the 7th consecutive year, despite recording a 13% brand value drop to US$30.4 billion. The brand still maintains a considerable lead over second-ranked Gucci, with a brand value of US$15.6 billion, down 12% from 2020.
Does NIKE have a lot of debt?
NIKE long term debt for 2021 was $9.413B, a 0.07% increase from 2020. NIKE long term debt for 2020 was $9.406B, a 171.54% increase from 2019.
Compare NKE With Other Stocks.
| NIKE Annual Long Term Debt (Millions of US $) | |
|---|---|
| 2020 | $9,406 |
| 2019 | $3,464 |
| 2018 | $3,468 |
| 2017 | $3,471 |
What is NIKE’s debt to equity 2021?
Compare NKE With Other Stocks
| NIKE Debt/Equity Ratio Historical Data | ||
|---|---|---|
| Date | Long Term Debt | Shareholder’s Equity |
| 2021-08-31 | $23.57B | $14.34B |
| 2021-05-31 | $24.97B | $12.77B |
| 2021-02-28 | $24.25B | $11.93B |
What is an example of a solvency ratio?
This ratio measures the amount of assets of a company that are supported by each unit ($) of equity. For example, if this ratio is 3.5, it means that every US$1 of equity is supporting US$ 3.5 worth of assets. Therefore, the higher this ratio, the weaker the solvency position of the firm.
How do you find solvency ratio?
The solvency ratio helps us assess a company’s ability to meet its long-term financial obligations. To calculate the ratio, divide a company’s after-tax net income – and add back depreciation– by the sum of its liabilities (short-term and long-term).
What is the most common solvency ratio?
Debt to equity ratio
Debt to equity is one of the most used debt solvency ratios. It is also represented as D/E ratio. Debt to equity ratio is calculated by dividing a company’s total liabilities with the shareholder’s equity.
What is NIKE’s quick ratio for 2021?
Compare NKE With Other Stocks
| NIKE Quick Ratio Historical Data | ||
|---|---|---|
| Date | Current Assets – Inventory | Quick Ratio |
| 2021-11-30 | $20.67B | 2.33 |
| 2021-08-31 | $19.69B | 2.38 |
| 2021-05-31 | $19.44B | 2.01 |
What is Adidas current ratio?
It is calculated as a company’s Total Current Assets divides by its Total Current Liabilities. adidas AG’s current ratio for the quarter that ended in Jun. 2022 was 1.34. adidas AG has a current ratio of 1.34.
What is Adidas quick ratio?
adidas AG’s quick ratio for the quarter that ended in Jun. 2022 was 0.76. adidas AG has a quick ratio of 0.76.
Is Nike profit or non profit?
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C. | EIN: 93-1159948 | Beaverton OR. Nike Foundation is a 501(c)(3) organization, with an IRS ruling year of 1995, and donations are tax-deductible.
How is Nike doing financially 2022?
Nike has revealed revenue of US$46.7 billion for the 2022 financial year, up five per cent year-over-year (YoY). The US sportswear giant’s net income for fiscal 2022 was US$6 billion, a rise of six per cent YoY. Broken down, revenue for the Nike brand was US$44.4 billion, up five per cent YoY.