Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Nike Inc. (NYSE:NKE)

Analysis of Debt

Advanced level

Total Debt (Carrying Amount)

Nike Inc., balance sheet: debt

US$ in millions

Microsoft Excel LibreOffice Calc
May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016 May 31, 2015
Current portion of long-term debt 3  6  6  6  44  107 
Notes payable 248  9  336  325  1  74 
Long-term debt, excluding current portion 9,406  3,464  3,468  3,471  2,010  1,079 
Total short-term borrowings and long-term debt (carrying amount) 9,657  3,479  3,810  3,802  2,055  1,260 

Based on: 10-K (filing date: 2020-07-24), 10-K (filing date: 2019-07-23), 10-K (filing date: 2018-07-25), 10-K (filing date: 2017-07-20), 10-K (filing date: 2016-07-21), 10-K (filing date: 2015-07-23).

Debt item Description The company
Total short-term borrowings and long-term debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Nike Inc.’s total debt decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
May 31, 2020
Selected Financial Data (US$ in millions)
Notes payable 248 
Long-term debt, including current portion 10,645 
Total short-term borrowings and long-term debt (fair value) 10,893 
Financial Ratio
Debt, fair value to carrying amount ratio 1.13

Based on: 10-K (filing date: 2020-07-24).

Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 2.98%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
2.25% 499  11 
2.40% 994  24 
2.38% 995  24 
2.75% 994  27 
2.85% 1,489  42 
3.25% 985  32 
3.63% 495  18 
3.88% 984  38 
3.38% 491  17 
3.38% 1,480  50 
2.60% 2  — 
2.00% 1  — 
1.65% 248  4 
Total 9,657  287 
2.98%

Based on: 10-K (filing date: 2020-07-24).

1 US$ in millions

2 Weighted-average interest rate = 100 × 287 ÷ 9,657 = 2.98%