NIKE’s cash and equivalents hit its five-year low in May 2018 of $4.249 billion. NIKE’s cash and equivalents decreased in 2022 ($8.574 billion, -13.3%) and increased in 2018 ($4.249 billion, +11.6%), 2019 ($4.466 billion, +5.1%), 2020 ($8.348 billion, +86.9%) and 2021 ($9.889 billion, +18.5%).
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What are NIKE cash and cash equivalents?
Nike’s Cash or Cash Equivalents are the most liquid of all assets found on the company’s balance sheet. It is used in calculating many of the firm’s liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets.
How much does NIKE have in cash?
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.
What method does NIKE use to present cash?
Nike’s Operating Cash Flow reveals the quality of a company’s reported earnings and is calculated by deducting company’s income taxes from earnings before interest, taxes, and depreciation (EBITDA).
What assets does NIKE have?
NIKE total assets for the quarter ending May 31, 2022 were $40.321B, a 6.84% increase year-over-year. 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.
Where does most of NIKE’s cash come from?
footwear
Most of Nike’s sales are generated by selling footwear to wholesale customers in North America.
What are NIKE current liabilities?
NIKE total current liabilities for 2022 were $10.73B, a 10.92% increase from 2021. NIKE total current liabilities for 2021 were $9.674B, a 16.78% increase from 2020. NIKE total current liabilities for 2020 were $8.284B, a 5.31% increase from 2019.
What is NIKE’s debt?
Nike reported $9.43B in Debt for its first fiscal quarter of 2022.
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.
What is NIKE’s equity?
Nike is one of the world’s largest apparel and footwear suppliers, with a market cap above a quarter of a trillion dollars. In 2021, Nike’s equity capital was worth $12.8 billion, a sharp increase from previous years.
Which method does NIKE use to report net cash flows from operating activities?
Nike uses FIFO. Nike reports property, plant, and equipment on its balance sheet and discloses the amount of depreciation for each year in its statement of cash flows.
How does NIKE manage its finances?
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.
How does NIKE recognize revenue?
Certain prior year amounts have been reclassified to conform to fiscal 2016 presentation. Wholesale revenues are recognized when title and the risks and rewards of ownership have passed to the customer, based on the terms of sale.
What is NIKE’s largest liability?
NIKE total liabilities for 2021 were $24.973B, a 7.24% increase from 2020. NIKE total liabilities for 2020 were $23.287B, a 58.66% increase from 2019.
Compare NKE With Other Stocks.
| NIKE Annual Total Liabilities (Millions of US $) | |
|---|---|
| 2022 | $25,040 |
| 2021 | $24,973 |
| 2020 | $23,287 |
| 2019 | $14,677 |
What are NIKE’s tangible assets?
Nike’s average total tangible assets for the quarter that ended in May. 2022 was $38,877 Mil. Therefore, Nike’s annualized Return-on-Tangible-Asset for the quarter that ended in May.
What are some of Nikes long-term assets?
NIKE total long-term assets for 2021 were $11.449B, a 6.15% increase from 2020. NIKE total long-term assets for 2020 were $10.786B, a 49.97% increase from 2019.
Compare NKE With Other Stocks.
| NIKE Annual Total Long-Term Assets (Millions of US $) | |
|---|---|
| 2020 | $10,786 |
| 2019 | $7,192 |
| 2018 | $7,402 |
| 2017 | $7,198 |
What is Nike’s biggest expense?
Nike’s greatest expense category is sales costs (mostly inventory and warehousing), which total more than $21 billion per year. What is this? Additionally, around $3 billion is allocated to marketing, including advertising and promotion, sponsorship, media, brand events, and retail brand presentation.
Which sport makes Nike the most money?
Football (Soccer)
Nike’s revenue worldwide from 2016 to 2021, by product category (in million U.S. dollars)
| Characteristic | Sportswear | Football (Soccer) |
|---|---|---|
| 2019 | 12,442 | 1,894 |
| 2018 | 10,720 | 2,146 |
| 2017 | 9,272 | 1,984 |
| 2016 | 8,129 | 2,143 |
Who is Nike’s main competitors?
Nike competitors include adidas, New Balance, Skechers U.S.A., Steve Madden and ASICS America. Nike ranks 1st in Overall Culture Score on Comparably vs its competitors.
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.
Compare NKE With Other Stocks.
| NIKE Annual Change in Accounts Receivable (Millions of US $) | |
|---|---|
| 2020 | $1,239 |
| 2019 | $-270 |
| 2018 | $187 |
| 2017 | $-426 |
What is NIKE’s current ratio?
2.6x
NIKE’s latest twelve months current ratio is 2.6x. NIKE’s current ratio for fiscal years ending May 2018 to 2022 averaged 2.5x. NIKE’s operated at median current ratio of 2.5x from fiscal years ending May 2018 to 2022. Looking back at the last five years, NIKE’s current ratio peaked in May 2021 at 2.7x.