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Nike Inc (NYSE:NKE)
Interest Expense
$0 Mil (TTM As of Nov. 2014)

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 Nov. 2014 was $0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2014 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 Nov. 2014 was $889 Mil. Nike Inc's Interest Expense for the three months ended in Nov. 2014 was $0 Mil. Nike Inc's interest coverage for the quarter that ended in Nov. 2014 was 0.00. The higher the ratio, the stronger the company’s financial strength is.


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 Nov. 2014 was 0 (Feb. 2014 ) + 0 (May. 2014 ) + 0 (Aug. 2014 ) + 0 (Nov. 2014 ) = $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.

Nike Inc's interest expense for the three months ended in Nov. 2014 was $0 Mil. Its operating income for the three months ended in Nov. 2014 was $889 Mil. And its Long-Term Debt for the three months ended in Nov. 2014 was $1,084 Mil.

Nike Inc's Interest Coverage for the quarter that ended in Nov. 2014 is calculated as

Nike Inc had no debt.

* 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.


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

May05May06May07May08May09May10May11May12May13May14
Interest Expense -5000000-300

Nike Inc Quarterly Data

Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14
Interest Expense 0000000000
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