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GuruFocus has detected 2 Warning Signs with Nike Inc \$NKE.
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Nike Inc (NYSE:NKE)
LT-Debt-to-Total-Asset
0.15 (As of Nov. 2016)

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. 2016 was 0.15.

Nike Inc's long-term debt to total assets ratio increased from Nov. 2015 (0.09) to Nov. 2016 (0.15). It may suggest that Nike Inc is progressively becoming more 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. 2016 is calculated as

 LT Debt to Total Assets (A: May. 2016 ) = Long-Term Debt (A: May. 2016 ) / Total Assets (A: May. 2016 ) = 2010 / 21396 = 0.09

Nike Inc's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2016 is calculated as

 LT Debt to Total Assets (Q: Nov. 2016 ) = Long-Term Debt (Q: Nov. 2016 ) / Total Assets (Q: Nov. 2016 ) = 3473 / 22652 = 0.15

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Nike Inc Annual Data

 May07 May08 May09 May10 May11 May12 May13 May14 May15 May16 ltd2asset 0.04 0.04 0.03 0.03 0.02 0.02 0.07 0.06 0.05 0.09

Nike Inc Quarterly Data

 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 ltd2asset 0.06 0.05 0.05 0.05 0.09 0.10 0.09 0.09 0.15 0.15
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