Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Nike Inc., solvency ratios
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Nike Inc. debt to equity ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Nike Inc. debt to equity ratio (including operating lease liability) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Nike Inc. debt to capital ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Nike Inc. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Nike Inc. debt to assets ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Nike Inc. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Nike Inc. financial leverage ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Nike Inc. interest coverage ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Nike Inc. fixed charge coverage ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Debt to Equity
Nike Inc., debt to equity calculation, comparison to benchmarks
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current portion of long-term debt | 1,000) | —) | 500) | —) | 3) | 6) | |
| Notes payable | 6) | 6) | 10) | 2) | 248) | 9) | |
| Long-term debt, excluding current portion | 7,903) | 8,927) | 8,920) | 9,413) | 9,406) | 3,464) | |
| Total debt | 8,909) | 8,933) | 9,430) | 9,415) | 9,657) | 3,479) | |
| Shareholders’ equity | 14,430) | 14,004) | 15,281) | 12,767) | 8,055) | 9,040) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 0.62 | 0.64 | 0.62 | 0.74 | 1.20 | 0.38 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| lululemon athletica inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Debt to Equity, Sector | |||||||
| Consumer Durables & Apparel | — | 0.52 | 0.52 | 0.61 | 0.97 | 0.33 | |
| Debt to Equity, Industry | |||||||
| Consumer Discretionary | — | 1.37 | 1.54 | 1.52 | 2.37 | 2.78 | |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
1 2024 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 8,909 ÷ 14,430 = 0.62
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Nike Inc. debt to equity ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Debt to Equity (including Operating Lease Liability)
Nike Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current portion of long-term debt | 1,000) | —) | 500) | —) | 3) | 6) | |
| Notes payable | 6) | 6) | 10) | 2) | 248) | 9) | |
| Long-term debt, excluding current portion | 7,903) | 8,927) | 8,920) | 9,413) | 9,406) | 3,464) | |
| Total debt | 8,909) | 8,933) | 9,430) | 9,415) | 9,657) | 3,479) | |
| Current portion of operating lease liabilities | 477) | 425) | 420) | 467) | 445) | —) | |
| Operating lease liabilities, excluding current portion | 2,566) | 2,786) | 2,777) | 2,931) | 2,913) | —) | |
| Total debt (including operating lease liability) | 11,952) | 12,144) | 12,627) | 12,813) | 13,015) | 3,479) | |
| Shareholders’ equity | 14,430) | 14,004) | 15,281) | 12,767) | 8,055) | 9,040) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 0.83 | 0.87 | 0.83 | 1.00 | 1.62 | 0.38 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| lululemon athletica inc. | 0.33 | 0.34 | 0.32 | 0.31 | 0.38 | 0.00 | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Consumer Durables & Apparel | — | 0.77 | 0.75 | 0.89 | 1.37 | 0.33 | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | — | 1.72 | 1.94 | 1.90 | 2.84 | 3.08 | |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= 11,952 ÷ 14,430 = 0.83
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Nike Inc. debt to equity ratio (including operating lease liability) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Debt to Capital
Nike Inc., debt to capital calculation, comparison to benchmarks
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current portion of long-term debt | 1,000) | —) | 500) | —) | 3) | 6) | |
| Notes payable | 6) | 6) | 10) | 2) | 248) | 9) | |
| Long-term debt, excluding current portion | 7,903) | 8,927) | 8,920) | 9,413) | 9,406) | 3,464) | |
| Total debt | 8,909) | 8,933) | 9,430) | 9,415) | 9,657) | 3,479) | |
| Shareholders’ equity | 14,430) | 14,004) | 15,281) | 12,767) | 8,055) | 9,040) | |
| Total capital | 23,339) | 22,937) | 24,711) | 22,182) | 17,712) | 12,519) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.38 | 0.39 | 0.38 | 0.42 | 0.55 | 0.28 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| lululemon athletica inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Debt to Capital, Sector | |||||||
| Consumer Durables & Apparel | — | 0.34 | 0.34 | 0.38 | 0.49 | 0.25 | |
| Debt to Capital, Industry | |||||||
| Consumer Discretionary | — | 0.58 | 0.61 | 0.60 | 0.70 | 0.74 | |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,909 ÷ 23,339 = 0.38
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Nike Inc. debt to capital ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Debt to Capital (including Operating Lease Liability)
Nike Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current portion of long-term debt | 1,000) | —) | 500) | —) | 3) | 6) | |
| Notes payable | 6) | 6) | 10) | 2) | 248) | 9) | |
| Long-term debt, excluding current portion | 7,903) | 8,927) | 8,920) | 9,413) | 9,406) | 3,464) | |
| Total debt | 8,909) | 8,933) | 9,430) | 9,415) | 9,657) | 3,479) | |
| Current portion of operating lease liabilities | 477) | 425) | 420) | 467) | 445) | —) | |
| Operating lease liabilities, excluding current portion | 2,566) | 2,786) | 2,777) | 2,931) | 2,913) | —) | |
| Total debt (including operating lease liability) | 11,952) | 12,144) | 12,627) | 12,813) | 13,015) | 3,479) | |
| Shareholders’ equity | 14,430) | 14,004) | 15,281) | 12,767) | 8,055) | 9,040) | |
| Total capital (including operating lease liability) | 26,382) | 26,148) | 27,908) | 25,580) | 21,070) | 12,519) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.45 | 0.46 | 0.45 | 0.50 | 0.62 | 0.28 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| lululemon athletica inc. | 0.25 | 0.25 | 0.24 | 0.24 | 0.27 | 0.00 | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Consumer Durables & Apparel | — | 0.44 | 0.43 | 0.47 | 0.58 | 0.25 | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | — | 0.63 | 0.66 | 0.65 | 0.74 | 0.76 | |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 11,952 ÷ 26,382 = 0.45
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Nike Inc. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Debt to Assets
Nike Inc., debt to assets calculation, comparison to benchmarks
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current portion of long-term debt | 1,000) | —) | 500) | —) | 3) | 6) | |
| Notes payable | 6) | 6) | 10) | 2) | 248) | 9) | |
| Long-term debt, excluding current portion | 7,903) | 8,927) | 8,920) | 9,413) | 9,406) | 3,464) | |
| Total debt | 8,909) | 8,933) | 9,430) | 9,415) | 9,657) | 3,479) | |
| Total assets | 38,110) | 37,531) | 40,321) | 37,740) | 31,342) | 23,717) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.23 | 0.24 | 0.23 | 0.25 | 0.31 | 0.15 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| lululemon athletica inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Debt to Assets, Sector | |||||||
| Consumer Durables & Apparel | — | 0.21 | 0.21 | 0.22 | 0.28 | 0.13 | |
| Debt to Assets, Industry | |||||||
| Consumer Discretionary | — | 0.34 | 0.35 | 0.36 | 0.41 | 0.45 | |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 8,909 ÷ 38,110 = 0.23
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Nike Inc. debt to assets ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Debt to Assets (including Operating Lease Liability)
Nike Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current portion of long-term debt | 1,000) | —) | 500) | —) | 3) | 6) | |
| Notes payable | 6) | 6) | 10) | 2) | 248) | 9) | |
| Long-term debt, excluding current portion | 7,903) | 8,927) | 8,920) | 9,413) | 9,406) | 3,464) | |
| Total debt | 8,909) | 8,933) | 9,430) | 9,415) | 9,657) | 3,479) | |
| Current portion of operating lease liabilities | 477) | 425) | 420) | 467) | 445) | —) | |
| Operating lease liabilities, excluding current portion | 2,566) | 2,786) | 2,777) | 2,931) | 2,913) | —) | |
| Total debt (including operating lease liability) | 11,952) | 12,144) | 12,627) | 12,813) | 13,015) | 3,479) | |
| Total assets | 38,110) | 37,531) | 40,321) | 37,740) | 31,342) | 23,717) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.31 | 0.32 | 0.31 | 0.34 | 0.42 | 0.15 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| lululemon athletica inc. | 0.20 | 0.19 | 0.18 | 0.19 | 0.23 | 0.00 | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Consumer Durables & Apparel | — | 0.31 | 0.30 | 0.32 | 0.40 | 0.13 | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | — | 0.43 | 0.44 | 0.45 | 0.50 | 0.50 | |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 11,952 ÷ 38,110 = 0.31
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Nike Inc. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Financial Leverage
Nike Inc., financial leverage calculation, comparison to benchmarks
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Total assets | 38,110) | 37,531) | 40,321) | 37,740) | 31,342) | 23,717) | |
| Shareholders’ equity | 14,430) | 14,004) | 15,281) | 12,767) | 8,055) | 9,040) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 2.64 | 2.68 | 2.64 | 2.96 | 3.89 | 2.62 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| lululemon athletica inc. | 1.68 | 1.78 | 1.80 | 1.64 | 1.68 | 1.44 | |
| Financial Leverage, Sector | |||||||
| Consumer Durables & Apparel | — | 2.51 | 2.51 | 2.74 | 3.46 | 2.46 | |
| Financial Leverage, Industry | |||||||
| Consumer Discretionary | — | 4.00 | 4.38 | 4.26 | 5.72 | 6.22 | |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
1 2024 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 38,110 ÷ 14,430 = 2.64
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Nike Inc. financial leverage ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level. |
Interest Coverage
Nike Inc., interest coverage calculation, comparison to benchmarks
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income | 5,700) | 5,070) | 6,046) | 5,727) | 2,539) | 4,029) | |
| Add: Income tax expense | 1,000) | 1,131) | 605) | 934) | 348) | 772) | |
| Add: Interest expense | 269) | 291) | 299) | 296) | 151) | 131) | |
| Earnings before interest and tax (EBIT) | 6,969) | 6,492) | 6,950) | 6,957) | 3,038) | 4,932) | |
| Solvency Ratio | |||||||
| Interest coverage1 | 25.91 | 22.31 | 23.24 | 23.50 | 20.12 | 37.65 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| lululemon athletica inc. | — | — | — | — | — | — | |
| Interest Coverage, Sector | |||||||
| Consumer Durables & Apparel | — | 26.89 | 27.71 | 26.27 | 26.06 | 43.11 | |
| Interest Coverage, Industry | |||||||
| Consumer Discretionary | — | 12.27 | 9.45 | 13.29 | 7.81 | 9.65 | |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 6,969 ÷ 269 = 25.91
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Nike Inc. interest coverage ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Fixed Charge Coverage
Nike Inc., fixed charge coverage calculation, comparison to benchmarks
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income | 5,700) | 5,070) | 6,046) | 5,727) | 2,539) | 4,029) | |
| Add: Income tax expense | 1,000) | 1,131) | 605) | 934) | 348) | 772) | |
| Add: Interest expense | 269) | 291) | 299) | 296) | 151) | 131) | |
| Earnings before interest and tax (EBIT) | 6,969) | 6,492) | 6,950) | 6,957) | 3,038) | 4,932) | |
| Add: Operating lease costs | 618) | 585) | 593) | 589) | 569) | 829) | |
| Earnings before fixed charges and tax | 7,587) | 7,077) | 7,543) | 7,546) | 3,607) | 5,761) | |
| Interest expense | 269) | 291) | 299) | 296) | 151) | 131) | |
| Operating lease costs | 618) | 585) | 593) | 589) | 569) | 829) | |
| Fixed charges | 887) | 876) | 892) | 885) | 720) | 960) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 8.55 | 8.08 | 8.46 | 8.53 | 5.01 | 6.00 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| lululemon athletica inc. | 8.69 | 6.42 | 7.19 | 5.23 | 6.09 | 4.61 | |
| Fixed Charge Coverage, Sector | |||||||
| Consumer Durables & Apparel | — | 7.72 | 8.21 | 7.94 | 5.22 | 5.76 | |
| Fixed Charge Coverage, Industry | |||||||
| Consumer Discretionary | — | 4.98 | 3.70 | 5.63 | 3.72 | 4.20 | |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 7,587 ÷ 887 = 8.55
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Nike Inc. fixed charge coverage ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |