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Nike Inc (NYSE:NKE)
Long-Term Debt to Total Assets
0.06 (As of Nov. 2014)

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's long-term debt divide by its total assets. Nike Inc's long-term debt to total assests ratio for the quarter that ended in Nov. 2014 was 0.06.

Nike Inc's long-term debt to total assets ratio declined from Nov. 2013 (0.07) to Nov. 2014 (0.06). It may suggest that Nike Inc is progressively becoming less dependent on debt to grow their business.


Definition

Nike Inc's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2014 is calculated as

LT Debt to Total Assets (A: May. 2014 )=Long-Term Debt (A: May. 2014 )/Total Assets (A: May. 2014 )
=1199/18594
=0.06

Nike Inc's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2014 is calculated as

LT Debt to Total Assets (Q: Nov. 2014 )=Long-Term Debt (Q: Nov. 2014 )/Total Assets (Q: Nov. 2014 )
=1084/19167
=0.06

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


Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.


Related Terms

Long-Term Debt, Total Assets


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
ltd2asset 0.080.040.040.040.030.030.020.020.070.06

Nike Inc Quarterly Data

Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14
ltd2asset 0.020.010.010.070.070.070.070.060.070.06
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