Nike (NKE) Financial Strength (2024)

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Nike (NKE) Financial Strength? ›

NIKE has a total shareholder equity of $14.2B and total debt of $8.9B, which brings its debt-to-equity ratio to 62.8%. Its total assets and total liabilities are $37.4B and $23.1B respectively. NIKE's EBIT is $6.0B making its interest coverage ratio -44. It has cash and short-term investments of $10.6B.

Revenues for NIKE, Inc. were slightly up on both a reported and currency-neutral basis at $12.4 billion. Revenues for the NIKE Brand were $11.9 billion, up 2 percent on a reported and currency-neutral basis, as currency-neutral growth in North America, Greater China and APLA was offset by declines in EMEA.

NKE Solvency Score

Nike Inc's solvency score is 69/100. The higher the solvency score, the more solvent the company is. Nike Inc's solvency score is 69/100.

NIKE annual cash flow from operating activities for 2022 was $5.188B, a 22.07% decline from 2021. NIKE annual cash flow from operating activities for 2021 was $6.657B, a 167.89% increase from 2020.

The 29 analysts with 12-month price forecasts for Nike stock have an average target of 116.34, with a low estimate of 85 and a high estimate of 136. The average target predicts an increase of 26.94% from the current stock price of 91.65.

Total debt on the balance sheet as of November 2023 : $12.17 B. According to Nike's latest financial reports the company's total debt is $12.17 B. A company's total debt is the sum of all current and non-current debts.

NIKE gross profit for the twelve months ending February 29, 2024 was $22.848B, a 2.92% increase year-over-year. NIKE annual gross profit for 2023 was $22.292B, a 3.79% increase from 2022. NIKE annual gross profit for 2022 was $21.479B, a 7.6% increase from 2021.

What Is NIKE's Debt? The image below, which you can click on for greater detail, shows that NIKE had debt of US$8.94b at the end of August 2023, a reduction from US$9.43b over a year. However, because it has a cash reserve of US$8.79b, its net debt is less, at about US$145.0m.

Who owns the most shares of Nike (NKE)? Vanguard owns the most shares of Nike (NKE). What is the significance of the ownership structure for a publicly traded company?

In fiscal 2023, Nike's global gross profit amounted to about 22.3 billion U.S. dollars. In comparison, this figure was around 12.4 billion U.S. dollars in back in 2014.

What is the financial summary of Nike? ›

Nike Financial Overview

Nike's market cap is currently ―. The company's EPS TTM is $3.399; its P/E ratio is 27.68; and it has a dividend yield of 1.51%. Nike is scheduled to report earnings on June 26, 2024, and the estimated EPS forecast is $0.86.

Nike's only revenue-generating activity is the sales of its extensive range of products. Footwear sales account for the majority of sales, which exceeded $29 billion in 2024. This is followed by apparel sales of $13.5 billion.

Nike competitors include Skechers U.S.A., adidas, New Balance, ASICS America and Steve Madden. Nike ranks 1st in Overall Culture Score on Comparably vs its competitors.

S&P Global Ratings affirms NIKE at "AA-" (Foreign Currency LT credit rating); outlook stable.

Nike will power owned-and-operated facilities with 100% renewable energy by 2025. Nike will reduce carbon emissions across its global supply chain by 30% by 2023, in line with the 2015 Paris Agreement. Nike diverts 99% of all footwear manufacturing waste from landfills.

Nike experienced a marginal revenue growth in the third quarter of the fiscal year 2024, as reported in its earnings results. In fiscal year 2023, Nike's global revenue amounted to about $51.217 billion U.S. dollars, which is an increase of over 4.5 billion compared to the previous financial year.

By focusing on these success factors, Nike has built a powerful brand that continues to thrive in a highly competitive market. The company's commitment to innovation, sustainability, and customer satisfaction has earned it a loyal customer base and set it apart from rivals.

Perhaps it's unsurprising that investors focused on the guidance, given the company's last earnings report. While earnings beat expectations, the stock suffered its biggest loss in more than a year after management warned of softening sales for the rest of Nike's fiscal year, which ends in May.

This message of inclusivity and empowerment struck a chord with consumers, especially those who were looking for motivation to achieve their own personal goals. Nike's marketing became more than just a way to sell products – it became a movement, inspiring people all over the world to “Just Do It.”