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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
NikeMEX:NKE -1.84%56 Interest Coverage is 23.93 as of May. 2026, which is 59% below its 10-year median of 57.75. GuruFocus rates MEX:NKE with a GF Score™ of 56/100 and a GF Value™ of MXN1,236.38 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 761 Manufacturing - Apparel & Accessories companies, Nike ranks worse than 131405.91% on this metric.
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
by its Interest Expense. Nike's
Operating Income
for the
three
months ended in May. 2026 was MXN24,727 Mil. Nike's Interest Expense for the
three
months ended in May. 2026 was MXN0 Mil.
Nike's interest coverage for the quarter that ended in May. 2026 was 23.93.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Nike's Interest Coverage or its related term are showing as below:
MEX:NKE's Interest Coverage is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.7 * Ranked among companies with meaningful Interest Coverage only.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Nike Interest Coverage Related Terms
Nike Interest Coverage Historical Data
* Premium members only.
The historical data trend for Nike's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MEX:NKE vs DECK, ONON, BIRK: Interest Coverage Comparison
For the Footwear & Accessories subindustry, Nike's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Nike Interest Coverage vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nike's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Nike's Interest Coverage falls into.
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:
GuruFocus does not calculate Nike's interest coverage with the available data.
* 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.
Nike (MEX:NKE) has a Interest Coverage of 23.93 as of May. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nike and its competitors. This is 59% below median its historical median of 57.75. Over the past decade, Nike's Interest Coverage has ranged from 26.48 to 97.39. According to the industry distribution chart, Nike ranks #999999 out of 761 companies in the Manufacturing - Apparel & Accessories industry.
Is Nike's Interest Coverage too high?
Nike's current Interest Coverage of 23.93 is 59% below median its 10-year median of 57.75. Over the past 10 years, this metric has ranged from a low of 26.48 to a high of 97.39. The Manufacturing - Apparel & Accessories industry median Interest Coverage is 5.70. Nike's value of 23.93 is 319.8% above this industry median. Based on the distribution chart, Nike ranks #999999 out of 761 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Nike has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nike's Interest Coverage compare to DECK and ONON?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nike ranks #999999 out of 761 companies for Interest Coverage. This places Nike in the lower half of its industry. The industry median Interest Coverage is 5.70. Nike's value of 23.93 is 319.8% above this benchmark. Historically, Nike's own Interest Coverage has ranged from 26.48 to 97.39 over the past decade. While the company's 10-year median is 57.75 vs. the industry median of 5.70, Nike has consistently been above 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 Interest Coverage for a Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.70, based on 761 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nike's current Interest Coverage of 23.93 is 319.8% above 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Nike and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nike's current Interest Coverage is 23.93, which is 59% below median its own 10-year median of 57.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nike stock overvalued right now?
Based on GuruFocus' analysis, Nike (MEX:NKE) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,236.38, compared to a current price of MXN623.76 — trading 49.5% below its estimated fair value. The current Interest Coverage is 23.93, which is 59% below median its 10-year median of 57.75 and 319.8% above the Manufacturing - Apparel & Accessories industry median of 5.70. Nike's overall GF Score™ is 56/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Nike (MEX:NKE), the current Interest Coverage is 23.93 as of May. 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 Nike (MEX:NKE) Overvalued in 2026?
Based on GuruFocus' analysis, Nike stock appears to be undervalued.
The current stock price of MXN623.76 is trading 49.5% below its estimated GF Value™ of MXN1,236.38.
GuruFocus considers Nike to be Significantly Undervalued.
Key valuation signals for MEX:NKE:
Interest Coverage: 23.93 (59% below median its 10-year median of 57.75)
GF Value™: MXN1,236.38 vs. price of MXN623.76 (49.5% below fair value)
Industry Position: 319.8% above the Manufacturing - Apparel & Accessories median (#999999 of 761)
No single metric tells the full story. See the MEX:NKE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nike is the largest athletic footwear and apparel brand in the world. Footwear generates about two-thirds of its sales. Key performance footwear categories include basketball, running, and football (soccer). Its brands include Nike, Jordan (premium athletic footwear and clothing), NikeSkims (women's athleisure), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores (including about 5,500 in China), and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
56GF Score
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