Common-Size Balance Sheet: Assets
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Nike Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31).
- Cash and equivalents
- The proportion of cash and equivalents relative to total assets exhibited a declining trend from 26.64% in 2020 to a low of 19.83% in 2023, followed by a rebound to 25.87% in 2024 and a subsequent decrease to 20.41% in 2025. This pattern indicates fluctuating liquidity levels within the period.
- Short-term investments
- Short-term investments saw a significant increase from 1.4% in 2020 to a peak of 10.97% in 2022, thereafter declining steadily to stabilize around 4.6% by 2025. This suggests an initial shift towards more liquid investment assets, followed by a reduction in their relative importance in the asset mix.
- Accounts receivable, net
- The percentage of accounts receivable increased steadily from 8.77% in 2020 to 12.9% in 2025, indicating a growing share of credit sales or delayed collections within the asset base over the years.
- Inventories
- Inventories as a percentage of total assets fluctuated during the period, starting at 23.51% in 2020, dropping to 18.16% in 2021, and then varying between 19.73% and 22.53% in subsequent years. This oscillation suggests adjustments in inventory management or changes in sales patterns.
- Prepaid expenses and other current assets
- This category remained relatively stable, ranging between 3.97% and 5.48% of total assets, indicating consistent prepayments and other current asset holdings over the years.
- Current assets
- The overall proportion of current assets showed an increase from 65.59% in 2020 to a peak of 69.97% in 2022, followed by a gradual decline to 63.87% by 2025. This trend reflects shifts in short-term asset composition or working capital management.
- Property, plant and equipment, net
- Net property, plant, and equipment as a share of total assets decreased from 15.53% in 2020 to 11.88% in 2022, then rose moderately to 13.2% in 2025. This indicates a reduction in fixed asset investment or asset disposals initially, followed by some reinvestment or asset appreciation.
- Operating lease right-of-use assets, net
- The percentage of operating lease right-of-use assets declined from 9.88% in 2020 to 7.26% in 2022, with slight increases thereafter to 7.41% in 2025. This may reflect lease terminations, renegotiations, or changes in leasing strategies.
- Identifiable intangible assets, net
- This category remained relatively stable around 0.7% of total assets, indicating consistent valuation or acquisition of intangible assets.
- Goodwill
- Goodwill fluctuated slightly between 0.63% and 0.75% of total assets, suggesting minor changes in acquired business value or impairment adjustments.
- Deferred income taxes and other assets
- There was a notable increase from 7.42% in 2020 to 14.16% in 2025, indicating growing deferred tax assets or other long-term asset components expected to benefit the company in the future.
- Non-current assets
- The share of non-current assets declined from 34.41% in 2020 to 30.03% in 2022, then increased steadily to reach 36.13% in 2025, reflecting a strategic shift or rebalancing between long-term and short-term asset holdings.
- Total assets
- Total assets are consistently represented as 100% across all years by definition.