NIKE Inc. DL-Notes 2020(20/27)Bond
| ISIN | US654106AJ22 |
|---|---|
| Coupon | 2.750% |
| Denomination | 1000 |
| Quotation Type | |
| Payment Type | regular interest |
In this post
Does NIKE have bonds?
The company sold $500 million in 10-year debt at a yield of 2.269 percent, maturing May 1, 2023. And another $500 million in 30-year debt with a 3.641 percent yield, maturing May 1, 2043. The low cost of borrowing played a part in Nike going to the bond market at this time, spokeswoman Mary Remuzzi said.
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 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.
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 long term 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. NIKE long term debt for 2020 was $9.406B, a 171.54% increase from 2019.
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 interest expense?
NIKE’s latest twelve months interest expense is $299 million. NIKE’s interest expense for fiscal years ending May 2018 to 2022 averaged $200.2 million. NIKE’s operated at median interest expense of $151 million from fiscal years ending May 2018 to 2022.
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.
How is NIKE in debt?
NIKE’s operated at median total debt of $12.627 billion from fiscal years ending May 2018 to 2022. Looking back at the last five years, NIKE’s total debt peaked in May 2020 at $13.015 billion. NIKE’s total debt hit its five-year low in May 2019 of $3.853 billion.
What is NIKE investing in?
Nike’s focus on brand recognition and growth via endorsements, along with investments in research and development (R&D) and demand generation, should continue to pay off. Additionally, the growing middle class in emerging markets, as well as greater China, should keep the demand for its products growing.
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 NIKE’s largest 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 debt to equity ratio?
Nike Debt to Equity Ratio: 0.6171 for May 31, 2022.
What is a long term debt?
Long-term liabilities, also called long-term debts, are debts a company owes third-party creditors that are payable beyond 12 months. This distinguishes them from current liabilities, which a company must pay within 12 months.
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.
What was NIKE’s debt ratio in 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 |
How Nike built its brand equity?
Nike has successfully created a strong brand by fulfilling the pillars of brand equity, which include: brand loyalty, brand awareness, brand associations and perceived quality. Strategic marketing messages, combined with quality products have allowed for Nike to excel in each dimension of brand equity.
What are Nike’s brand assets?
As such, the swoosh, along with Nike’s trademark-protected name, are two of the most important assets of the Nike brand, which is worth a whopping $36.8 billion, according to Forbes’ “World’s Most Valuable Brands” list.
Which is an example of brand equity?
Brand equity has a direct effect on sales volume because consumers gravitate toward products with great reputations. For example, when Apple releases a new product, customers line up around the block to buy it even though it is usually priced higher than similar products from competitors.
Who is Nike’s biggest competitor?
Adidas
Adidas. With annual revenue of $22.12 billion, Adidas is the biggest competitor of Nike. The brand actively serves across 55 countries via more than 2500 stores worldwide. Founded in 1924 by Adolf Dassler and Rudolf Dassler, the brand is the largest sportswear manufacturer in Europe and the second-largest globally.