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Nike Inc (NYSE:NKE)
Interest Expense
$0 Mil (TTM As of Feb. 2016)

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nike Inc's interest expense for the three months ended in Feb. 2016 was $0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2016 was $0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense. Nike Inc's Operating Income for the three months ended in Feb. 2016 was $1,123 Mil. Nike Inc's Interest Expense for the three months ended in Feb. 2016 was $-5 Mil. Nike Inc's interest coverage for the quarter that ended in Feb. 2016 was 224.60. The higher the ratio, the stronger the company’s financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Nike Inc Interest Expense for the trailing twelve months (TTM) ended in Feb. 2016 was 0 (May. 2015 ) + 0 (Aug. 2015 ) + 0 (Nov. 2015 ) + 0 (Feb. 2016 ) = $0 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company’s Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nike Inc's interest expense for the three months ended in Feb. 2016 was $-5 Mil. Its operating income for the three months ended in Feb. 2016 was $1,123 Mil. And its Long-Term Debt for the three months ended in Feb. 2016 was $2,048 Mil.

Nike Inc's Interest Coverage for the quarter that ended in Feb. 2016 is calculated as

Interest Coverage=-1*Operating Income (Q: Feb. 2016 )/Interest Expense (Q: Feb. 2016 )
=-1*1123/-5
=224.60

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

The higher the ratio, the stronger the company’s financial strength is.

Good Sign:

Ben Graham prefers companies interest coverage is at least 5. Nike Inc has enough cash to cover all of its debt. Its financial situation is stable.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Nike Inc Annual Data

May06May07May08May09May10May11May12May13May14May15
Interest Expense 00-7500-40000

Nike Inc Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
Interest Expense 0000000000
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