Does Nike Have Any Debt
How Much Debt Does Nike Carry? as You Can See Below, at the End of February 2021, Nike Had Us$9.42B of Debt, up from Us$3.48B a Year Ago. Click the Image for...
How Much Debt Does NIKE Carry? As you can see below, at the end of February 2021, NIKE had US$9.42b of debt, up from US$3.48b a year ago. Click the image for more detail. However, its balance sheet shows it holds US$12.5b in cash, so it actually has US$3.11b net cash.
What is a good ratio for debt ratio?
In general, many investors look for a company to have a debt ratio between 0.3 and 0.6. From a pure risk perspective, debt ratios of 0.4 or lower are considered better, while a debt ratio of 0.6 or higher makes it more difficult to borrow money.
Is Nike financially stable?
The Bottom Line. Nike is a sound stock based on its steady stock performance and growth in earnings per share, revenue and net income, strong balance sheet, and management approach. But there is no risk-free stock—not even Nike.
James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.
