Nike (XTER:NKE) Interest Expense : €0 Mil (TTM As of Aug. 2024)

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What is Nike Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nike's interest expense for the three months ended in Aug. 2024 was € 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was €0 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's Operating Income for the three months ended in Aug. 2024 was € 1,097 Mil. Nike's Interest Expense for the three months ended in Aug. 2024 was € 0 Mil. GuruFocus does not calculate Nike's interest coverage with the available data. 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.

Nike Interest Expense Historical Data

The historical data trend for Nike's Interest Expense 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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Nike Interest Expense Chart

Nike Annual Data

Trend

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May24

Interest Expense

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-81.61

-215.63

-193.93

Nike Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Interest Expense	Get a 7-Day Free Trial															-	-	-	-	-

Nike Interest Expense 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 Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0 Mil.

Nike (XTER:NKE) Interest Expense Explanation

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's Interest Expense for the three months ended in Aug. 2024 was €0 Mil. Its Operating Income for the three months ended in Aug. 2024 was €1,097 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was €9,635 Mil.

Nike's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

GuruFocus does not calculate Nike's interest coverage with the available data.

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

Nike Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nike Inc (XTER:NKE) » Definitions » Interest Expense

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Address

One Bowerman Drive, Beaverton, OR, USA, 97005-6453

Website

https://www.nike.com

Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan (premium athletic footwear and clothing), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, 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.