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.
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What did NIKE do in 2020?
Nike reported an unexpected quarterly net loss and a sales decline of 38% year-over-year. Digital sales soared 75%, representing about 30% of total revenue, as shoppers flocked to Nike’s website for sneakers and workout gear. But expenses for shipping and returns also put more pressure on the company’s profits.
What was NIKE’s total assets in 2020?
NIKE total assets for 2020 were $31.342B, a 32.15% increase from 2019.
Did NIKE make a profit in 2020?
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.
What is NIKE’s current financial situation?
–(BUSINESS WIRE)– NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2021 fourth quarter and full year ended May 31, 2021. Fourth quarter reported revenues were $12.3 billion, up 96 percent compared to prior year and increasing 21 percent compared to the fourth quarter of 2019.
Why has Nike’s revenue decreased 2020?
Nike’s sales declined year-over-year for two consecutive quarters in 2020, as the COVID-19 pandemic shut down stores. Revenue growth bounced back in the fiscal second quarter, however, when the athletic-apparel company reported record quarterly revenue of $11.2 billion in a period that included Black Friday sales.
Why did Nike lose money in 2018?
Nike just lost about $3.75 billion in market cap after announcing free agent NFL quarterback Colin Kaepernick as the new face of its “Just Do It” ad campaign. It’s the 30th anniversary of the iconic TV and print spots.
What was NIKE’s return on total assets for 2021?
Compare NKE With Other Stocks
| NIKE ROA – Return on Assets Historical Data | ||
|---|---|---|
| Date | TTM Net Income | Return on Assets |
| 2021-11-30 | $6.17B | 16.37% |
| 2021-08-31 | $6.08B | 16.59% |
| 2021-05-31 | $5.73B | 16.13% |
Does NIKE have debt?
Nike reported $9.43B in Debt for its first fiscal quarter of 2022.
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 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.
What does it look like Nike did during 2020 as far as debt financing?
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.
How much does Nike make a year 2022?
US$46.7 billion
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 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 financially stable?
The Bottom Line. Nike is a sound stock based on its steady stock performance and growth in earnings per share, revenue and net income, strong balance sheet, and management approach. But there is no risk-free stock—not even Nike.
How much do Nike spend on R&D?
~$2.5 billion
Both Nike and Adidas have increased capital spending, and Morgan Stanley estimates Nike spent “~$2.5 billion on research and development in the last five years.”
Is Nike suffering losses?
Sneaker giant has been underperforming over the past 24 hours since the company revealed that it had cut its revenue forecast for the 2022 fiscal year. The company decreased its revenue forecast for the fiscal year to account for labor shortages, longer transit time and extended production shutdowns in Vietnam.
Are Nike sales declining?
Nike’s fiscal year ended with a sales decline, as Q4 revenues fell 1% to $12.2 billion, according to a company press release.
Is Nike declining?
NIKE Direct fell 21% with soft revenues in both digital and owned stores. Retail traffic continued to be impacted by COVID-related lockdowns. However, traffic recovered to pre-pandemic levels at times in the quarter. Digital sales plunged 27% due to a delay in product launch timing on SNKRS.
How much money is Nike losing?
NIKE annual net income/loss for 2022 was $6.046B, a 5.57% increase from 2021. NIKE annual net income/loss for 2021 was $5.727B, a 125.56% increase from 2020. NIKE annual net income/loss for 2020 was $2.539B, a 36.98% decline from 2019.
How much have Nike sales dropped?
On Monday, the world’s largest sportswear company reported a 20% fall in sales, excluding currency movements, from greater China in the three months to May 31, as Covid-related disruptions affected 60% of its business in the country.