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adidas AGXSWX:ADS 83 Cash-to-Debt is 0.30 as of Jun. 2026, which is 45% below its 10-year median of 0.55. GuruFocus rates XSWX:ADS with a GF Score™ of 83/100 and a GF Value™ of CHF211.93 (Modestly Undervalued). Among 1,023 Manufacturing - Apparel & Accessories companies, adidas AG ranks worse than 58.94% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. adidas AG's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.30.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, adidas AGcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for adidas AG's Cash-to-Debt or its related term are showing as below:
XSWX:ADS'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 0.55 Max: 1.88
Current: 0.3
During the past 13 years, adidas AG's highest Cash to Debt Ratio was 1.88. The lowest was 0.22. And the median was 0.55.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
adidas AG Cash-to-Debt Related Terms
adidas AG Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for adidas AG's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
XSWX:ADS vs NKE, DECK, ONON: Cash-to-Debt Comparison
For the Footwear & Accessories subindustry, adidas AG's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
adidas AG Cash-to-Debt vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where adidas AG's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
adidas AG (XSWX:ADS) has a Cash-to-Debt of 0.30 as of Jun. 2026. This is 45% below median its historical median of 0.55. Over the past decade, adidas AG's Cash-to-Debt has ranged from 0.22 to 1.88. According to the industry distribution chart, adidas AG ranks #603 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 58.9%.
Is adidas AG's Cash-to-Debt too high?
adidas AG's current Cash-to-Debt of 0.30 is 45% below median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.88. The Manufacturing - Apparel & Accessories industry median Cash-to-Debt is 0.48. adidas AG's value of 0.30 is 37.5% below this industry median. Based on the distribution chart, adidas AG ranks #603 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, adidas AG has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does adidas AG's Cash-to-Debt compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, adidas AG ranks #603 out of 1023 companies for Cash-to-Debt. This places adidas AG in the lower half of its industry. The industry median Cash-to-Debt is 0.48. adidas AG's value of 0.30 is 37.5% below this benchmark. Historically, adidas AG's own Cash-to-Debt has ranged from 0.22 to 1.88 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.48, adidas AG has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Manufacturing - Apparel & Accessories company?
The median Cash-to-Debt among Manufacturing - Apparel & Accessories companies is 0.48, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. adidas AG's current Cash-to-Debt of 0.30 is 37.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median Cash-to-Debt is 0.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. adidas AG's current Cash-to-Debt is 0.30, which is 45% below median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is adidas AG stock overvalued right now?
Based on GuruFocus' analysis, adidas AG (XSWX:ADS) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF211.93, compared to a current price of CHF152.05 — trading 28.3% below its estimated fair value. The current Cash-to-Debt is 0.30, which is 45% below median its 10-year median of 0.55 and 37.5% below the Manufacturing - Apparel & Accessories industry median of 0.48. adidas AG's overall GF Score™ is 83/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For adidas AG (XSWX:ADS), the current Cash-to-Debt is 0.30 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is adidas AG (XSWX:ADS) Overvalued in 2026?
Based on GuruFocus' analysis, adidas AG stock appears to be undervalued.
The current stock price of CHF152.05 is trading 28.3% below its estimated GF Value™ of CHF211.93.
GuruFocus considers adidas AG to be Modestly Undervalued.
Key valuation signals for XSWX:ADS:
Cash-to-Debt: 0.30 (45% below median its 10-year median of 0.55)
GF Value™: CHF211.93 vs. price of CHF152.05 (28.3% below fair value)
Industry Position: 37.5% below the Manufacturing - Apparel & Accessories median (#603 of 1023)
No single metric tells the full story. See the XSWX:ADS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through about 2,000 owned retail stores, 15,000 Adidas-branded franchise stores (including about 8,000 in China), 150,000 wholesale doors, and an owned e-commerce site that is available in 67 countries. The company was founded in 1949 in Germany.
83GF Score
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