Analysis of Solvency Ratios
Quarterly Data
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 (quarterly data)
Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).
| 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 improved from Q3 2024 to Q4 2024 but then deteriorated significantly from Q4 2024 to Q1 2025. |
| Debt to equity (including operating lease liability) ratio | 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) improved from Q3 2024 to Q4 2024 but then deteriorated significantly from Q4 2024 to Q1 2025. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Nike Inc. debt to capital ratio improved from Q3 2024 to Q4 2024 but then deteriorated significantly from Q4 2024 to Q1 2025. |
| Debt to capital (including operating lease liability) ratio | 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) improved from Q3 2024 to Q4 2024 but then deteriorated significantly from Q4 2024 to Q1 2025. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Nike Inc. debt to assets ratio improved from Q3 2024 to Q4 2024 but then slightly deteriorated from Q4 2024 to Q1 2025 not reaching Q3 2024 level. |
| Debt to assets (including operating lease liability) ratio | 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) improved from Q3 2024 to Q4 2024 but then slightly deteriorated from Q4 2024 to Q1 2025 not reaching Q3 2024 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Nike Inc. financial leverage ratio increased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Debt to Equity
Nike Inc., debt to equity calculation (quarterly data)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,000) | 1,000) | —) | —) | —) | —) | 500) | 500) | 500) | 500) | —) | —) | —) | —) | —) | —) | 1) | 3) | 4) | 6) | 6) | 6) | 6) | 6) | 6) | ||||||||
| Notes payable | 12) | 6) | 6) | 6) | 6) | 6) | 14) | 7) | 9) | 10) | —) | 9) | 15) | 2) | 4) | 41) | 137) | 248) | 9) | 300) | 250) | 9) | 16) | 9) | 13) | ||||||||
| Long-term debt, excluding current portion | 7,998) | 7,903) | 8,930) | 8,930) | 8,929) | 8,927) | 8,925) | 8,924) | 8,922) | 8,920) | 9,418) | 9,417) | 9,415) | 9,413) | 9,412) | 9,410) | 9,408) | 9,406) | 3,463) | 3,462) | 3,463) | 3,464) | 3,465) | 3,466) | 3,467) | ||||||||
| Total debt | 9,010) | 8,909) | 8,936) | 8,936) | 8,935) | 8,933) | 9,439) | 9,431) | 9,431) | 9,430) | 9,418) | 9,426) | 9,430) | 9,415) | 9,416) | 9,451) | 9,546) | 9,657) | 3,476) | 3,768) | 3,719) | 3,479) | 3,487) | 3,481) | 3,486) | ||||||||
| Shareholders’ equity | 13,944) | 14,430) | 14,226) | 14,146) | 13,971) | 14,004) | 14,531) | 15,272) | 15,822) | 15,281) | 14,809) | 14,924) | 14,343) | 12,767) | 11,931) | 10,640) | 9,224) | 8,055) | 9,045) | 9,351) | 9,200) | 9,040) | 8,961) | 8,729) | 8,992) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to equity1 | 0.65 | 0.62 | 0.63 | 0.63 | 0.64 | 0.64 | 0.65 | 0.62 | 0.60 | 0.62 | 0.64 | 0.63 | 0.66 | 0.74 | 0.79 | 0.89 | 1.03 | 1.20 | 0.38 | 0.40 | 0.40 | 0.38 | 0.39 | 0.40 | 0.39 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | ||||||||
Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).
1 Q1 2025 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 9,010 ÷ 13,944 = 0.65
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 improved from Q3 2024 to Q4 2024 but then deteriorated significantly from Q4 2024 to Q1 2025. |
Debt to Equity (including Operating Lease Liability)
Nike Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,000) | 1,000) | —) | —) | —) | —) | 500) | 500) | 500) | 500) | —) | —) | —) | —) | —) | —) | 1) | 3) | 4) | 6) | 6) | 6) | 6) | 6) | 6) | ||||||||
| Notes payable | 12) | 6) | 6) | 6) | 6) | 6) | 14) | 7) | 9) | 10) | —) | 9) | 15) | 2) | 4) | 41) | 137) | 248) | 9) | 300) | 250) | 9) | 16) | 9) | 13) | ||||||||
| Long-term debt, excluding current portion | 7,998) | 7,903) | 8,930) | 8,930) | 8,929) | 8,927) | 8,925) | 8,924) | 8,922) | 8,920) | 9,418) | 9,417) | 9,415) | 9,413) | 9,412) | 9,410) | 9,408) | 9,406) | 3,463) | 3,462) | 3,463) | 3,464) | 3,465) | 3,466) | 3,467) | ||||||||
| Total debt | 9,010) | 8,909) | 8,936) | 8,936) | 8,935) | 8,933) | 9,439) | 9,431) | 9,431) | 9,430) | 9,418) | 9,426) | 9,430) | 9,415) | 9,416) | 9,451) | 9,546) | 9,657) | 3,476) | 3,768) | 3,719) | 3,479) | 3,487) | 3,481) | 3,486) | ||||||||
| Current portion of operating lease liabilities | 491) | 477) | 474) | 456) | 435) | 425) | 435) | 426) | 424) | 420) | 455) | 462) | 462) | 467) | 470) | 458) | 459) | 445) | 422) | 431) | 427) | —) | —) | —) | —) | ||||||||
| Operating lease liabilities, excluding current portion | 2,625) | 2,566) | 2,691) | 2,785) | 2,807) | 2,786) | 2,692) | 2,668) | 2,736) | 2,777) | 2,784) | 2,835) | 2,898) | 2,931) | 2,964) | 2,896) | 2,961) | 2,913) | 2,758) | 2,723) | 2,675) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 12,126) | 11,952) | 12,101) | 12,177) | 12,177) | 12,144) | 12,566) | 12,525) | 12,591) | 12,627) | 12,657) | 12,723) | 12,790) | 12,813) | 12,850) | 12,805) | 12,966) | 13,015) | 6,656) | 6,922) | 6,821) | 3,479) | 3,487) | 3,481) | 3,486) | ||||||||
| Shareholders’ equity | 13,944) | 14,430) | 14,226) | 14,146) | 13,971) | 14,004) | 14,531) | 15,272) | 15,822) | 15,281) | 14,809) | 14,924) | 14,343) | 12,767) | 11,931) | 10,640) | 9,224) | 8,055) | 9,045) | 9,351) | 9,200) | 9,040) | 8,961) | 8,729) | 8,992) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 0.87 | 0.83 | 0.85 | 0.86 | 0.87 | 0.87 | 0.86 | 0.82 | 0.80 | 0.83 | 0.85 | 0.85 | 0.89 | 1.00 | 1.08 | 1.20 | 1.41 | 1.62 | 0.74 | 0.74 | 0.74 | 0.38 | 0.39 | 0.40 | 0.39 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | 0.33 | 0.33 | 0.33 | 0.34 | 0.33 | 0.34 | 0.34 | 0.33 | 0.34 | 0.32 | 0.32 | 0.30 | 0.30 | 0.31 | 0.36 | 0.39 | 0.43 | 0.38 | 0.42 | 0.46 | 0.49 | 0.00 | 0.00 | 0.08 | 0.00 | ||||||||
Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).
1 Q1 2025 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= 12,126 ÷ 13,944 = 0.87
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | 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) improved from Q3 2024 to Q4 2024 but then deteriorated significantly from Q4 2024 to Q1 2025. |
Debt to Capital
Nike Inc., debt to capital calculation (quarterly data)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,000) | 1,000) | —) | —) | —) | —) | 500) | 500) | 500) | 500) | —) | —) | —) | —) | —) | —) | 1) | 3) | 4) | 6) | 6) | 6) | 6) | 6) | 6) | ||||||||
| Notes payable | 12) | 6) | 6) | 6) | 6) | 6) | 14) | 7) | 9) | 10) | —) | 9) | 15) | 2) | 4) | 41) | 137) | 248) | 9) | 300) | 250) | 9) | 16) | 9) | 13) | ||||||||
| Long-term debt, excluding current portion | 7,998) | 7,903) | 8,930) | 8,930) | 8,929) | 8,927) | 8,925) | 8,924) | 8,922) | 8,920) | 9,418) | 9,417) | 9,415) | 9,413) | 9,412) | 9,410) | 9,408) | 9,406) | 3,463) | 3,462) | 3,463) | 3,464) | 3,465) | 3,466) | 3,467) | ||||||||
| Total debt | 9,010) | 8,909) | 8,936) | 8,936) | 8,935) | 8,933) | 9,439) | 9,431) | 9,431) | 9,430) | 9,418) | 9,426) | 9,430) | 9,415) | 9,416) | 9,451) | 9,546) | 9,657) | 3,476) | 3,768) | 3,719) | 3,479) | 3,487) | 3,481) | 3,486) | ||||||||
| Shareholders’ equity | 13,944) | 14,430) | 14,226) | 14,146) | 13,971) | 14,004) | 14,531) | 15,272) | 15,822) | 15,281) | 14,809) | 14,924) | 14,343) | 12,767) | 11,931) | 10,640) | 9,224) | 8,055) | 9,045) | 9,351) | 9,200) | 9,040) | 8,961) | 8,729) | 8,992) | ||||||||
| Total capital | 22,954) | 23,339) | 23,162) | 23,082) | 22,906) | 22,937) | 23,970) | 24,703) | 25,253) | 24,711) | 24,227) | 24,350) | 23,773) | 22,182) | 21,347) | 20,091) | 18,770) | 17,712) | 12,521) | 13,119) | 12,919) | 12,519) | 12,448) | 12,210) | 12,478) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to capital1 | 0.39 | 0.38 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.38 | 0.37 | 0.38 | 0.39 | 0.39 | 0.40 | 0.42 | 0.44 | 0.47 | 0.51 | 0.55 | 0.28 | 0.29 | 0.29 | 0.28 | 0.28 | 0.29 | 0.28 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | ||||||||
Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).
1 Q1 2025 Calculation
Debt to capital = Total debt ÷ Total capital
= 9,010 ÷ 22,954 = 0.39
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 improved from Q3 2024 to Q4 2024 but then deteriorated significantly from Q4 2024 to Q1 2025. |
Debt to Capital (including Operating Lease Liability)
Nike Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,000) | 1,000) | —) | —) | —) | —) | 500) | 500) | 500) | 500) | —) | —) | —) | —) | —) | —) | 1) | 3) | 4) | 6) | 6) | 6) | 6) | 6) | 6) | ||||||||
| Notes payable | 12) | 6) | 6) | 6) | 6) | 6) | 14) | 7) | 9) | 10) | —) | 9) | 15) | 2) | 4) | 41) | 137) | 248) | 9) | 300) | 250) | 9) | 16) | 9) | 13) | ||||||||
| Long-term debt, excluding current portion | 7,998) | 7,903) | 8,930) | 8,930) | 8,929) | 8,927) | 8,925) | 8,924) | 8,922) | 8,920) | 9,418) | 9,417) | 9,415) | 9,413) | 9,412) | 9,410) | 9,408) | 9,406) | 3,463) | 3,462) | 3,463) | 3,464) | 3,465) | 3,466) | 3,467) | ||||||||
| Total debt | 9,010) | 8,909) | 8,936) | 8,936) | 8,935) | 8,933) | 9,439) | 9,431) | 9,431) | 9,430) | 9,418) | 9,426) | 9,430) | 9,415) | 9,416) | 9,451) | 9,546) | 9,657) | 3,476) | 3,768) | 3,719) | 3,479) | 3,487) | 3,481) | 3,486) | ||||||||
| Current portion of operating lease liabilities | 491) | 477) | 474) | 456) | 435) | 425) | 435) | 426) | 424) | 420) | 455) | 462) | 462) | 467) | 470) | 458) | 459) | 445) | 422) | 431) | 427) | —) | —) | —) | —) | ||||||||
| Operating lease liabilities, excluding current portion | 2,625) | 2,566) | 2,691) | 2,785) | 2,807) | 2,786) | 2,692) | 2,668) | 2,736) | 2,777) | 2,784) | 2,835) | 2,898) | 2,931) | 2,964) | 2,896) | 2,961) | 2,913) | 2,758) | 2,723) | 2,675) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 12,126) | 11,952) | 12,101) | 12,177) | 12,177) | 12,144) | 12,566) | 12,525) | 12,591) | 12,627) | 12,657) | 12,723) | 12,790) | 12,813) | 12,850) | 12,805) | 12,966) | 13,015) | 6,656) | 6,922) | 6,821) | 3,479) | 3,487) | 3,481) | 3,486) | ||||||||
| Shareholders’ equity | 13,944) | 14,430) | 14,226) | 14,146) | 13,971) | 14,004) | 14,531) | 15,272) | 15,822) | 15,281) | 14,809) | 14,924) | 14,343) | 12,767) | 11,931) | 10,640) | 9,224) | 8,055) | 9,045) | 9,351) | 9,200) | 9,040) | 8,961) | 8,729) | 8,992) | ||||||||
| Total capital (including operating lease liability) | 26,070) | 26,382) | 26,327) | 26,323) | 26,148) | 26,148) | 27,097) | 27,797) | 28,413) | 27,908) | 27,466) | 27,647) | 27,133) | 25,580) | 24,781) | 23,445) | 22,190) | 21,070) | 15,701) | 16,273) | 16,021) | 12,519) | 12,448) | 12,210) | 12,478) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.47 | 0.45 | 0.46 | 0.46 | 0.47 | 0.46 | 0.46 | 0.45 | 0.44 | 0.45 | 0.46 | 0.46 | 0.47 | 0.50 | 0.52 | 0.55 | 0.58 | 0.62 | 0.42 | 0.43 | 0.43 | 0.28 | 0.28 | 0.29 | 0.28 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.24 | 0.24 | 0.23 | 0.23 | 0.24 | 0.26 | 0.28 | 0.30 | 0.27 | 0.30 | 0.32 | 0.33 | 0.00 | 0.00 | 0.07 | 0.00 | ||||||||
Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).
1 Q1 2025 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 12,126 ÷ 26,070 = 0.47
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | 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) improved from Q3 2024 to Q4 2024 but then deteriorated significantly from Q4 2024 to Q1 2025. |
Debt to Assets
Nike Inc., debt to assets calculation (quarterly data)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,000) | 1,000) | —) | —) | —) | —) | 500) | 500) | 500) | 500) | —) | —) | —) | —) | —) | —) | 1) | 3) | 4) | 6) | 6) | 6) | 6) | 6) | 6) | ||||||||
| Notes payable | 12) | 6) | 6) | 6) | 6) | 6) | 14) | 7) | 9) | 10) | —) | 9) | 15) | 2) | 4) | 41) | 137) | 248) | 9) | 300) | 250) | 9) | 16) | 9) | 13) | ||||||||
| Long-term debt, excluding current portion | 7,998) | 7,903) | 8,930) | 8,930) | 8,929) | 8,927) | 8,925) | 8,924) | 8,922) | 8,920) | 9,418) | 9,417) | 9,415) | 9,413) | 9,412) | 9,410) | 9,408) | 9,406) | 3,463) | 3,462) | 3,463) | 3,464) | 3,465) | 3,466) | 3,467) | ||||||||
| Total debt | 9,010) | 8,909) | 8,936) | 8,936) | 8,935) | 8,933) | 9,439) | 9,431) | 9,431) | 9,430) | 9,418) | 9,426) | 9,430) | 9,415) | 9,416) | 9,451) | 9,546) | 9,657) | 3,476) | 3,768) | 3,719) | 3,479) | 3,487) | 3,481) | 3,486) | ||||||||
| Total assets | 37,867) | 38,110) | 37,356) | 37,203) | 36,786) | 37,531) | 38,294) | 39,647) | 41,088) | 40,321) | 39,577) | 38,917) | 37,917) | 37,740) | 36,185) | 34,836) | 33,258) | 31,342) | 26,220) | 26,602) | 26,249) | 23,717) | 22,921) | 22,677) | 22,483) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to assets1 | 0.24 | 0.23 | 0.24 | 0.24 | 0.24 | 0.24 | 0.25 | 0.24 | 0.23 | 0.23 | 0.24 | 0.24 | 0.25 | 0.25 | 0.26 | 0.27 | 0.29 | 0.31 | 0.13 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | ||||||||
Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).
1 Q1 2025 Calculation
Debt to assets = Total debt ÷ Total assets
= 9,010 ÷ 37,867 = 0.24
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 improved from Q3 2024 to Q4 2024 but then slightly deteriorated from Q4 2024 to Q1 2025 not reaching Q3 2024 level. |
Debt to Assets (including Operating Lease Liability)
Nike Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,000) | 1,000) | —) | —) | —) | —) | 500) | 500) | 500) | 500) | —) | —) | —) | —) | —) | —) | 1) | 3) | 4) | 6) | 6) | 6) | 6) | 6) | 6) | ||||||||
| Notes payable | 12) | 6) | 6) | 6) | 6) | 6) | 14) | 7) | 9) | 10) | —) | 9) | 15) | 2) | 4) | 41) | 137) | 248) | 9) | 300) | 250) | 9) | 16) | 9) | 13) | ||||||||
| Long-term debt, excluding current portion | 7,998) | 7,903) | 8,930) | 8,930) | 8,929) | 8,927) | 8,925) | 8,924) | 8,922) | 8,920) | 9,418) | 9,417) | 9,415) | 9,413) | 9,412) | 9,410) | 9,408) | 9,406) | 3,463) | 3,462) | 3,463) | 3,464) | 3,465) | 3,466) | 3,467) | ||||||||
| Total debt | 9,010) | 8,909) | 8,936) | 8,936) | 8,935) | 8,933) | 9,439) | 9,431) | 9,431) | 9,430) | 9,418) | 9,426) | 9,430) | 9,415) | 9,416) | 9,451) | 9,546) | 9,657) | 3,476) | 3,768) | 3,719) | 3,479) | 3,487) | 3,481) | 3,486) | ||||||||
| Current portion of operating lease liabilities | 491) | 477) | 474) | 456) | 435) | 425) | 435) | 426) | 424) | 420) | 455) | 462) | 462) | 467) | 470) | 458) | 459) | 445) | 422) | 431) | 427) | —) | —) | —) | —) | ||||||||
| Operating lease liabilities, excluding current portion | 2,625) | 2,566) | 2,691) | 2,785) | 2,807) | 2,786) | 2,692) | 2,668) | 2,736) | 2,777) | 2,784) | 2,835) | 2,898) | 2,931) | 2,964) | 2,896) | 2,961) | 2,913) | 2,758) | 2,723) | 2,675) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 12,126) | 11,952) | 12,101) | 12,177) | 12,177) | 12,144) | 12,566) | 12,525) | 12,591) | 12,627) | 12,657) | 12,723) | 12,790) | 12,813) | 12,850) | 12,805) | 12,966) | 13,015) | 6,656) | 6,922) | 6,821) | 3,479) | 3,487) | 3,481) | 3,486) | ||||||||
| Total assets | 37,867) | 38,110) | 37,356) | 37,203) | 36,786) | 37,531) | 38,294) | 39,647) | 41,088) | 40,321) | 39,577) | 38,917) | 37,917) | 37,740) | 36,185) | 34,836) | 33,258) | 31,342) | 26,220) | 26,602) | 26,249) | 23,717) | 22,921) | 22,677) | 22,483) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.32 | 0.31 | 0.32 | 0.33 | 0.33 | 0.32 | 0.33 | 0.32 | 0.31 | 0.31 | 0.32 | 0.33 | 0.34 | 0.34 | 0.36 | 0.37 | 0.39 | 0.42 | 0.25 | 0.26 | 0.26 | 0.15 | 0.15 | 0.15 | 0.16 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | 0.21 | 0.20 | 0.19 | 0.20 | 0.20 | 0.19 | 0.20 | 0.19 | 0.19 | 0.18 | 0.19 | 0.18 | 0.18 | 0.19 | 0.21 | 0.22 | 0.24 | 0.23 | 0.24 | 0.26 | 0.27 | 0.00 | 0.00 | 0.05 | 0.00 | ||||||||
Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).
1 Q1 2025 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 12,126 ÷ 37,867 = 0.32
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | 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) improved from Q3 2024 to Q4 2024 but then slightly deteriorated from Q4 2024 to Q1 2025 not reaching Q3 2024 level. |
Financial Leverage
Nike Inc., financial leverage calculation (quarterly data)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | Nov 30, 2018 | Aug 31, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Total assets | 37,867) | 38,110) | 37,356) | 37,203) | 36,786) | 37,531) | 38,294) | 39,647) | 41,088) | 40,321) | 39,577) | 38,917) | 37,917) | 37,740) | 36,185) | 34,836) | 33,258) | 31,342) | 26,220) | 26,602) | 26,249) | 23,717) | 22,921) | 22,677) | 22,483) | ||||||||
| Shareholders’ equity | 13,944) | 14,430) | 14,226) | 14,146) | 13,971) | 14,004) | 14,531) | 15,272) | 15,822) | 15,281) | 14,809) | 14,924) | 14,343) | 12,767) | 11,931) | 10,640) | 9,224) | 8,055) | 9,045) | 9,351) | 9,200) | 9,040) | 8,961) | 8,729) | 8,992) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Financial leverage1 | 2.72 | 2.64 | 2.63 | 2.63 | 2.63 | 2.68 | 2.64 | 2.60 | 2.60 | 2.64 | 2.67 | 2.61 | 2.64 | 2.96 | 3.03 | 3.27 | 3.61 | 3.89 | 2.90 | 2.84 | 2.85 | 2.62 | 2.56 | 2.60 | 2.50 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | 1.62 | 1.68 | 1.71 | 1.70 | 1.68 | 1.78 | 1.75 | 1.72 | 1.76 | 1.80 | 1.72 | 1.65 | 1.64 | 1.64 | 1.68 | 1.75 | 1.74 | 1.68 | 1.73 | 1.79 | 1.80 | 1.44 | 1.41 | 1.42 | 1.23 | ||||||||
Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).
1 Q1 2025 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 37,867 ÷ 13,944 = 2.72
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 Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |