NIKE long term debt for 2022 was $8.92B, a 5.24% decline from 2021. 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.
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| NIKE Annual Long Term Debt (Millions of US $) | |
|---|---|
| 2009 | $437 |
In this post
What are NIKE’s long term liabilities?
NIKE total long term liabilities for 2022 were $14.31B, a 6.46% decline from 2021. NIKE total long term liabilities for 2021 were $15.299B, a 1.97% increase from 2020. NIKE total long term liabilities for 2020 were $15.003B, a 120.28% increase from 2019.
What is the amount of NIKE’s long term debt in 2019?
NIKE’s long-term debt hit its five-year low in May 2019 of $3.464 billion. NIKE’s long-term debt decreased in 2018 ($3.468 billion, -0.1%), 2019 ($3.464 billion, -0.1%) and 2022 ($8.92 billion, -5.2%) and increased in 2020 ($9.406 billion, +171.5%) and 2021 ($9.413 billion, +0.1%).
What is NIKE’s short term debt?
Liabilities & Shareholders’ Equity
| Item Item | 31-May-2021 | 31-Aug-2021 |
|---|---|---|
| Short Term Debt Short Term Debt | 469M | 477M |
| Current Portion of Long Term Debt Current Portion of Long Term Debt | – | – |
| Accounts Payable Accounts Payable | 2.84B | 2.14B |
| Accounts Payable Growth Accounts Payable Growth | – | -24.72% |
What is the debt ratio of NIKE?
Nike Debt to Equity Ratio: 0.6171 for May 31, 2022.
What are NIKE’s current assets?
NIKE total current assets for 2022 were $28.213B, a 7.31% increase from 2021. NIKE total current assets for 2021 were $26.291B, a 27.9% increase from 2020. NIKE total current assets for 2020 were $20.556B, a 24.39% increase from 2019.
What is NIKE’s balance in receivables at year end?
NIKE annual change in accounts receivable for 2021 was $-1.606B, a 229.62% decline from 2020. NIKE annual change in accounts receivable for 2020 was $1.239B, a 558.89% decline from 2019.
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| NIKE Annual Change in Accounts Receivable (Millions of US $) | |
|---|---|
| 2020 | $1,239 |
| 2019 | $-270 |
| 2018 | $187 |
| 2017 | $-426 |
What was NIKE’s debt ratio in 2021?
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| 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 type of finance does NIKE use?
Debt Capital
Debt financing is generally senior to equity financing in the event of liquidation, though it is often acquired at a lower cost by firms with sufficient creditworthiness. Nike’s debt is rated AA- by Standard & Poors and A1 by Moody’s. These ratings represent high or upper-medium grade credit, respectively.
Is NIKE highly leveraged?
NIKE’s financial leverage last quarter was 2.6x. NIKE’s financial leverage for fiscal years ending May 2018 to 2022 averaged 2.9x. NIKE’s operated at median financial leverage of 2.6x from fiscal years ending May 2018 to 2022. Looking back at the last five years, NIKE’s financial leverage peaked in May 2020 at 3.9x.
What are NIKE’s weaknesses?
Nike’s Weaknesses – Internal Strategic Factors
- Poor Labor Conditions in Foreign Countries – In the last 20 years, Nike has been consistently targeted regarding their poor labor conditions.
- Retailers Have a Stronger Hold – Nike’s retail sector makes Nike weak due to its sensitivity against pricing.
Is NIKE undervalued?
Nike Inc secures a last-minute Real Value of $149.51 per share. The latest price of the firm is $117.04. At this time, the firm appears to be undervalued.
2022-09-02.
| Low | Estimated Value | High |
|---|---|---|
| 113.97 | 116.46 | 118.95 |
How does NIKE use capital?
Capital resources in Nike factories include the sewing machines they use to make the shoes. Also the actual factory buildings are Capital resources. These are both physical capital.
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.
What is NIKE’s largest asset?
NIKE total assets for 2022 were $40.321B, a 6.84% increase from 2021. NIKE total assets for 2021 were $37.74B, a 20.41% increase from 2020. NIKE total assets for 2020 were $31.342B, a 32.15% increase from 2019.
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| NIKE Quarterly Total Assets (Millions of US $) | |
|---|---|
| 2009-02-28 | $12,256 |
What is NIKE’s balance in receivables?
NIKE’s accounts receivable, net last quarter was $4.667 billion. NIKE’s accounts receivable, net for fiscal years ending May 2018 to 2022 averaged $3.93 billion. NIKE’s operated at median accounts receivable, net of $4.272 billion from fiscal years ending May 2018 to 2022.
What is NIKE’s average collection period?
In the case of Nike, it takes them 36 days on average to collect their receivables.
How much cash does NIKE have on hand?
NIKE cash on hand for 2022 was $12.997B, a 3.55% decline from 2021. NIKE cash on hand for 2021 was $13.476B, a 53.36% increase from 2020. NIKE cash on hand for 2020 was $8.787B, a 88.44% increase from 2019.
How is NIKE doing compared to its competitors?
Comparing the results to its competitors, Nike Inc reported Total Revenue decrease in the 2 quarter 2022 year on year by -0.89 %, despite revenue increase by most of its competitors of 5.14 %, recorded in the same quarter. With net margin of 11.76 % company achieved higher profitability than its competitors.
What is NIKE current financial situation?
BEAVERTON, Ore. –(BUSINESS WIRE)– NIKE, Inc. (NYSE:NKE) today reported fiscal 2022 financial results for its third quarter ended February 28, 2022. NIKE Direct sales were $4.6 billion, up 15 percent on a reported basis and up 17 percent on a currency-neutral basis.
How does NIKE manage its finance?
Nike shows the ability to generate revenue at healthy rates while keeping debt to a minimum and maximizing shareholder wealth. They pay their shareholders well through a Stable Dividend Policy as well as reinvesting capital back towards the company to expand its assets.