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Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Nike Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Aug 31, 2026 May 31, 2026 Feb 28, 2026 Nov 30, 2025 Aug 31, 2025 May 31, 2025 Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020
Current portion of long-term debt 5.29 5.21 2.70 2.64 0.00 0.00 2.65 2.63 2.64 2.62 0.00 0.00 0.00 0.00 1.31 1.26 1.22 1.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts payable 9.05 9.37 7.79 9.84 10.10 9.51 8.22 8.58 8.87 7.48 6.26 7.28 7.44 7.63 6.99 7.09 8.20 8.33 7.18 7.18 5.63 7.51 6.24 6.18 5.96
Current portion of operating lease liabilities 1.25 1.24 1.33 1.36 1.36 1.37 1.25 1.27 1.30 1.25 1.27 1.23 1.18 1.13 1.14 1.07 1.03 1.04 1.18 1.19 1.22 1.24 1.30 1.31 1.38
Accrued liabilities 14.12 15.86 16.68 15.66 15.88 16.17 15.64 15.13 13.43 15.04 15.59 14.72 13.57 15.26 14.64 15.20 15.30 15.45 13.97 13.98 14.01 16.07 16.34 17.43 17.68
Income taxes payable 0.47 0.98 0.74 1.30 1.89 1.83 1.94 2.02 1.83 1.40 1.05 0.96 0.80 0.64 0.86 1.10 0.82 0.55 0.52 0.41 0.95 0.81 0.71 0.54 0.89
Current liabilities 30.19% 32.67% 29.24% 30.80% 29.23% 28.89% 29.70% 29.63% 28.07% 27.80% 24.17% 24.19% 23.00% 24.66% 24.93% 25.72% 26.57% 26.61% 22.86% 22.76% 21.81% 25.63% 24.58% 25.47% 25.92%
Long-term debt, excluding current portion 15.59 15.47 18.97 18.57 21.42 21.76 21.05 21.00 21.12 20.74 23.91 24.00 24.27 23.79 23.31 22.51 21.71 22.12 24.41 24.20 24.83 24.94 26.01 27.01 28.29
Operating lease liabilities, excluding current portion 7.16 6.80 7.17 7.29 6.84 6.97 6.55 6.75 6.93 6.73 7.20 7.49 7.63 7.42 7.03 6.73 6.66 6.89 7.22 7.28 7.64 7.77 8.19 8.31 8.90
Deferred income taxes and other liabilities 6.79 6.36 6.61 6.07 6.44 6.26 5.64 5.64 7.06 6.87 6.64 6.30 7.12 6.82 6.78 6.52 6.54 6.48 7.12 7.41 7.89 7.83 8.25 8.67 9.16
Non-current liabilities 29.54% 28.63% 32.74% 31.92% 34.70% 34.99% 33.24% 33.39% 35.11% 34.34% 37.75% 37.79% 39.02% 38.02% 37.12% 35.76% 34.92% 35.49% 38.75% 38.89% 40.36% 40.54% 42.45% 43.99% 46.35%
Total liabilities 59.73% 61.30% 61.98% 62.73% 63.93% 63.88% 62.94% 63.02% 63.18% 62.14% 61.92% 61.98% 62.02% 62.69% 62.05% 61.48% 61.49% 62.10% 61.61% 61.65% 62.17% 66.17% 67.03% 69.46% 72.27%
Redeemable preferred stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock at stated value 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Capital in excess of stated value 40.51 39.46 40.21 38.92 38.77 38.81 36.82 36.30 35.80 35.18 35.14 34.60 34.22 33.07 31.53 29.89 28.35 28.48 29.00 28.24 27.75 26.40 26.65 26.80 26.14
Accumulated other comprehensive income (loss) -0.10 -0.37 -0.56 -0.28 -0.82 -0.71 0.70 0.53 -0.07 0.14 0.33 0.33 0.37 0.62 0.79 1.41 1.55 0.79 0.26 0.37 -0.18 -1.01 -1.23 -1.23 -1.21
Retained earnings (deficit) -0.15 -0.40 -1.65 -1.37 -1.87 -1.99 -0.46 0.14 1.09 2.53 2.60 3.09 3.38 3.62 5.62 7.21 8.60 8.62 9.13 9.73 10.25 8.42 7.54 4.97 2.79
Shareholders’ equity 40.27% 38.70% 38.02% 37.27% 36.07% 36.12% 37.06% 36.98% 36.82% 37.86% 38.08% 38.02% 37.98% 37.31% 37.95% 38.52% 38.51% 37.90% 38.39% 38.35% 37.83% 33.83% 32.97% 30.54% 27.73%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-08-31), 10-K (reporting date: 2026-05-31), 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31).

The capital structure exhibits a long-term transition from a high-leverage position toward a more equity-heavy composition. Total liabilities decreased from 72.27% of total assets and equity in August 2020 to 59.73% by August 2026, while shareholders' equity rose from 27.73% to 40.27% over the same period.

Long-Term Debt and Non-Current Liabilities
A significant reduction in long-term debt is observed, falling from 28.29% in August 2020 to 15.59% by August 2026. This trend contributed to a broader decline in non-current liabilities, which dropped from 46.35% to 29.54%. Operating lease liabilities remained relatively stable, fluctuating between 6.55% and 8.90%.
Current Liabilities and Short-Term Obligations
Short-term obligations showed an overall upward trend, with total current liabilities rising from 25.92% in August 2020 to 30.19% in August 2026. Accounts payable increased from 5.96% to 9.05%, indicating a greater reliance on trade credit. Notably, the current portion of long-term debt remained at 0.00% for several quarters before increasing to 5.29% by May 2026, signaling an upcoming concentration of debt maturities.
Shareholders' Equity Dynamics
The growth in total equity was primarily driven by an increase in capital in excess of stated value, which rose from 26.14% to 40.51%. Conversely, retained earnings experienced a volatile trajectory; after peaking at 10.25% in August 2021, this figure declined steadily and entered a deficit starting in November 2024, reaching -0.15% by August 2026. This divergence suggests that the increase in total equity was funded by external capital contributions rather than organic profit retention.
Other Liability Components
Accrued liabilities remained a substantial component of the balance sheet, fluctuating between 13.43% and 17.68% throughout the period. Income taxes payable saw a notable spike between May 2024 (1.40%) and February 2025 (1.94%) before decreasing to 0.47% by August 2026.

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