According to the Nike’s most recent financial statement as reported on July 24, 2020, total debt is at $9.66 billion, with $9.41 billion in long-term debt and $251.00 million in current debt. Adjusting for $8.35 billion in cash-equivalents, the company has a net debt of $1.31 billion.
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What was NIKE’s debt ratio in 2020?
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.
What type of debt does NIKE have?
According to the Nike’s most recent financial statement as reported on January 5, 2021, total debt is at $9.45 billion, with $9.41 billion in long-term debt and $41.00 million in current debt. Adjusting for $8.63 billion in cash-equivalents, the company has a net debt of $816.00 million.
How is NIKE in debt?
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.
Compare NKE With Other Stocks.
| NIKE Annual Long Term Debt (Millions of US $) | |
|---|---|
| 2021 | $9,413 |
| 2020 | $9,406 |
| 2019 | $3,464 |
| 2018 | $3,468 |
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 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% |
Does NIKE have publicly traded debt?
How Much Debt Does NIKE Carry? As you can see below, at the end of February 2021, NIKE had US$9.42b of debt, up from US$3.48b a year ago. Click the image for more detail. However, its balance sheet shows it holds US$12.5b in cash, so it actually has US$3.11b net cash.
What are the weaknesses of NIKE?
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 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.
Who are Nikes debtors?
Nike reported $4.67B in Trade Debtors for its first fiscal quarter of 2022.
| Trade Debtors | Change | |
|---|---|---|
| Ross Stores ROST:US | $ 164.07M | 44.82M |
| Skechers USA SKX:US | $ 971.82M | 110.7M |
| Steven Madden SHOO:US | $ 376.09M | 53.49M |
| Tapestry Inc TPR:US | $ 416.9M | 57.3M |
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 approximate weight of debt for NIKE?
As of May. 2022, Nike’s latest two-year average Short-Term Debt & Capital Lease Obligation was $699.5 Mil and its latest two-year average Long-Term Debt & Capital Lease Obligation was $12020.5 Mil.
What was NIKE’s return on equity ROE for 2019?
In 2019, the return on equity of Nike inc was 42.7% compared to 17.4% in 2018.
What is a good debt/equity ratio?
What is a good debt-to-equity ratio? Although it varies from industry to industry, a debt-to-equity ratio of around 2 or 2.5 is generally considered good. This ratio tells us that for every dollar invested in the company, about 66 cents come from debt, while the other 33 cents come from the company’s equity.
What is a high debt to asset ratio?
If the debt-to-assets ratio is greater than one, a business has more debt than assets. If the ratio is less than one, the business has more assets than debt.
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 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.
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.
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 debt financing?
In finance, debt is more narrowly defined as money raised through the issuance of bonds. A loan is a form of debt but, more specifically, is an agreement in which one party lends money to another. The lender sets repayment terms, including how much is to be repaid and when.