Nike (BUE:NKE) LT-Debt-to-Total-Asset : 0.28 (As of Aug. 2024)

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What is Nike LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Nike's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.28.

Nike's long-term debt to total assets ratio declined from Aug. 2023 (0.32) to Aug. 2024 (0.28). It may suggest that Nike is progressively becoming less dependent on debt to grow their business.

Nike LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nike's LT-Debt-to-Total-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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Nike LT-Debt-to-Total-Asset Chart

Nike Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

LT-Debt-to-Total-Asset

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0.39

0.33

0.29

0.31

0.28

Nike Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.32	0.31	0.28	0.28

Nike LT-Debt-to-Total-Asset Calculation

Nike's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2024 is calculated as

LT Debt to Total Assets (A: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2024 )	/	Total Assets (A: May. 2024 )
	=	9176078.597	/	33403415.352
	=	0.27

Nike's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	9900635.754	/	35292043.125
	=	0.28

Nike (BUE:NKE) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Nike LT-Debt-to-Total-Asset Related Terms

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Nike Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nike Inc (BUE:NKE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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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.