adidas AG (MEX:ADS) Debt-to-Asset : 0.29 (As of Sep. 2024)

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What is adidas AG Debt-to-Asset?

adidas AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was MXN15,516 Mil. adidas AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was MXN106,516 Mil. adidas AG's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was MXN428,444 Mil. adidas AG's debt to asset for the quarter that ended in Sep. 2024 was 0.28.

adidas AG Debt-to-Asset Historical Data

The historical data trend for adidas AG's Debt-to-Asset 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.

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adidas AG Debt-to-Asset Chart

adidas AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.23

0.28

0.24

0.32

0.31

adidas AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.31	0.31	0.31	0.31	0.29

Competitive Comparison of adidas AG's Debt-to-Asset

For the Footwear & Accessories subindustry, adidas AG's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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's Debt-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where adidas AG's Debt-to-Asset falls into.

adidas AG Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

adidas AG's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(20250.63	+	82724.007)	/	333561.558
	=	0.31

adidas AG's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(15516.219	+	106515.563)	/	428444.319
	=	0.28

adidas AG (MEX:ADS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

adidas AG Debt-to-Asset Related Terms

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adidas AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » adidas AG (MEX:ADS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ADDYY:USA ADDDF:USA 1ADS:Italy ADSd:UK 0OLD:UK ADS:Germany ADS:Austria

Address

Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.adidas-group.com

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 1,900 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 67 countries. The company was founded in 1949 in Germany.

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