Nike's quarterly cash and cash equivalents
increased
from Aug. 2023 ($6,178.00 Mil) to Nov. 2023 ($7,919.00 Mil) and
increased
from Nov. 2023 ($7,919.00 Mil) to Feb. 2024 ($8,960.00 Mil).
Nike's annual cash and cash equivalents
declined
from May. 2021 ($9,889.00 Mil) to May. 2022 ($8,574.00 Mil) and
declined
from May. 2022 ($8,574.00 Mil) to May. 2023 ($7,441.00 Mil).
Nike Cash And Cash Equivalents Historical Data
The historical data trend for Nike's Cash And Cash Equivalents can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Nike Annual Data
Trend
May14
May15
May16
May17
May18
May19
May20
May21
May22
May23
Cash And Cash Equivalents
4,466.00
8,348.00
9,889.00
8,574.00
7,441.00
Nike Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Cash And Cash Equivalents
6,955.00
7,441.00
6,178.00
7,919.00
8,960.00
Nike Cash And Cash Equivalents Calculation
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
Nike (NYSE:NKE) Cash And Cash Equivalents Explanation
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Nike Cash And Cash Equivalents Related Terms
Thank you for viewing the detailed overview of Nike's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
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