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Nike Inc (NYSE:NKE)
Interest Expense
$0 Mil (TTM As of May. 2015)

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 May. 2015 was $0 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2015 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 May. 2015 was $998 Mil. Nike Inc's Interest Expense for the three months ended in May. 2015 was $0 Mil. Nike Inc's interest coverage for the quarter that ended in May. 2015 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 May. 2015 was 0 (Aug. 2014 ) + 0 (Nov. 2014 ) + 0 (Feb. 2015 ) + 0 (May. 2015 ) = $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 May. 2015 was $0 Mil. Its operating income for the three months ended in May. 2015 was $998 Mil. And its Long-Term Debt for the three months ended in May. 2015 was $1,079 Mil.

Nike Inc's Interest Coverage for the quarter that ended in May. 2015 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

May06May07May08May09May10May11May12May13May14May15
Interest Expense 000000-3000

Nike Inc Quarterly Data

Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15May15
Interest Expense 0000000000
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