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Nike NKE Debt-to-assets

Debt-to-assets at other companies

Deckers Outdoor Corporation logo
Deckers Outdoor CorporationDECK
0.1×0.0×
lululemon athletica logo
lululemon athleticaLULU
0.3×0.0×
TJX Companies logo
TJX CompaniesTJX
0.4×0.0×
Ralph Lauren logo
Ralph LaurenRL
0.4×0.0×
Dick's Sporting Goods logo
Dick's Sporting GoodsDKS
0.3×0.0×
Best Buy logo
Best BuyBBY
0.3×0.0×

Other financials

Income statement

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Revenue$11.3B+0.1%
Gross profit$4.5B-3.1%
Net income$520.0M-34.5%
EPS (diluted)$0.35-35.2%

Balance sheet

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Cash & equivalents$1.7B-80.3%
Total debt$10.2B-6.7%
Total equity$14.1B+0.6%
Total assets$37.1B-1.9%

Cash flow

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Operating cash flow$430.0M-76.0%
CapEx$146.0M+80.3%
Free cash flow$284.0M-83.4%

Valuation

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Market cap$66.94B-21.7%
Enterprise value$75.42B-16.1%
P/E29.8×+10.8×
P/S1.4×-0.3×

Profitability

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Gross margin40.8%-3.0pp
Net margin4.8%-4.6pp

Returns & leverage

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Return on equity16%-15.9pp
Debt / equity0.7×-0.1×
Current ratio2.1×-0.1×

Where this comes from

Calculated from Nike’s reported figures.

Based on the most recent quarter.

The official record: Nike’s 10-Q, filed April 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nike's debt-to-assets?
Nike (NKE) reported debt-to-assets of 0.3× in Q4 2025.
How has Nike's debt-to-assets changed year-over-year?
Nike's debt-to-assets decreased by 4.9% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Nike's debt-to-assets?
Over 4 years (2021 to 2025), Nike's debt-to-assets has grown at a -5.2% compound annual growth rate (CAGR), from 1.5× to 1.2×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.