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Nike Inc  (NYSE:NKE) Interest Expense: $-59 Mil (TTM As of May. 2017)

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. 2017 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2017 was $-59 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. 2017 was $ 1,158 Mil. Nike Inc's Interest Expense for the three months ended in May. 2017 was $ -18 Mil. Nike Inc's Interest Coverage for the quarter that ended in May. 2017 was 64.33. 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.


Historical Data

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

* Premium members only.

Nike Inc Annual Data

May08 May09 May10 May11 May12 May13 May14 May15 May16 May17
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.00 -33.00 -28.00 -19.00 -59.00

Nike Inc Quarterly Data

Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.00 -7.00 -15.00 -19.00 -18.00

Calculation

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

Interest Expense for the trailing twelve months (TTM) ended in May. 2017 was -7 (Aug. 2016 ) + -15 (Nov. 2016 ) + -19 (Feb. 2017 ) + -18 (May. 2017 ) = $-59 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 May. 2017 was $-18 Mil. Its Operating Income for the three months ended in May. 2017 was $1,158 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2017 was $3,471 Mil.

Nike Inc's Interest Coverage for the quarter that ended in May. 2017 is calculated as

Interest Coverage=-1*Operating Income (Q: May. 2017 )/Interest Expense (Q: May. 2017 )
=-1*1158/-18
=64.33

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

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


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