Stock Analysis on Net

Nike Inc. (NYSE:NKE)

$24.99

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

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

Microsoft Excel
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 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
Current portion of long-term debt
Notes payable
Accounts payable
Current portion of operating lease liabilities
Accrued liabilities
Income taxes payable
Current liabilities
Long-term debt, excluding current portion
Operating lease liabilities, excluding current portion
Deferred income taxes and other liabilities
Non-current liabilities
Total liabilities
Redeemable preferred stock
Common stock at stated value
Capital in excess of stated value
Accumulated other comprehensive income (loss)
Retained earnings (deficit)
Shareholders’ equity
Total liabilities and shareholders’ equity

Based on: 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), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).


Current Portion of Long-Term Debt
This liability category remained very low and stable between 0.01% and 0.03% from 2018 to late 2019, then started increasing significantly after mid-2022, reaching around 2.6% by early 2025. This suggests a recent increase in short-term obligations related to long-term debt.
Notes Payable
Notes payable showed volatility over the periods with spikes such as 0.95% and 1.13% in late 2018, reduction to around 0.01% in early 2021, and a slight increase towards early 2025. Despite fluctuations, the level generally remained low relative to total liabilities and equity.
Accounts Payable
The accounts payable ratio declined notably from above 10% in 2018-2019 to a trough near 5.96% in late 2020, then recovered gradually to around 8.2% by early 2025. This pattern indicates reduction in short-term payables during 2020 followed by a moderate rebound.
Current Portion of Operating Lease Liabilities
Data is available starting 2019, showing a gradual decline from 1.63% to roughly 1.18% by mid-2021, followed by relatively stable levels near 1.25% to 1.3% into 2025, indicating controlled short-term lease commitments.
Accrued Liabilities
Accrued liabilities displayed fluctuations between 13% and 21%, peaking in 2019 and early 2020, declining sharply in 2021 to around 14%, and showing intermittent moderate variation afterward. Overall, it shows some cyclicality but remains a significant current liability component.
Income Taxes Payable
This component was low but slightly increasing over time with some variability, rising from about 0.8% in 2018 to a peak of over 2% in late 2024, which could signal increasing tax obligations relative to total liabilities and equity.
Current Liabilities
Current liabilities as a percentage of total liabilities and equity remained fairly stable around 25-33% from 2018 to mid-2022 with a dip in 2020 likely related to pandemic effects, then reached about 29.7% by mid-2025, reflecting relative stability in short-term obligations.
Long-Term Debt (Excluding Current Portion)
This ratio declined from about 15.4% in 2018 to approximately 13% in late 2019, then abruptly increased to over 30% in mid-2020, followed by a gradual reduction to near 21% by early 2025. The spike in 2020 signals a major shift, possibly debt refinancing or increased leverage during that period.
Operating Lease Liabilities (Excluding Current Portion)
Operating lease liabilities decreased steadily from approximately 10.5% in early 2019 to around 6.5% by early 2025, indicating a reduction in long-term lease obligations over time.
Deferred Income Taxes and Other Liabilities
This category showed a consistent downward trend from about 14.75% in 2018 to roughly 5.6% by early 2025, marking a significant decline in deferred tax liabilities and/or other long-term obligations included here.
Non-Current Liabilities
Non-current liabilities increased sharply from roughly 30% in 2018 to nearly 48% in mid-2020, reflecting the increase in long-term debt and lease liabilities during that time, then gradually decreased to near 33% by early 2025, indicating partial deleveraging or reclassification of liabilities.
Total Liabilities
Total liabilities as a share of total liabilities and shareholders' equity increased from about 60% in 2018 to over 74% in mid-2020, then decreased to approximately 63% by early 2025. The peak in 2020 aligns with debt increases observed, likely pandemic-related financing.
Shareholders’ Equity
Equity declined from about 40% in 2018 to a low near 25.7% in mid-2020, coinciding with increased liabilities, then rebounded steadily to around 37% by early 2025, suggesting recovery in equity value post-2020 stresses.
Capital in Excess of Stated Value
This equity component showed a generally increasing trend, moving from around 29% in 2018 to over 36% by early 2025, indicating steady accumulation of capital beyond stated share value, possibly from retained earnings and additional paid-in capital.
Accumulated Other Comprehensive Income (Loss)
This item fluctuated slightly, mostly near zero with small positive and negative changes, without large swings, indicating relatively stable other comprehensive income components over the years.
Retained Earnings (Deficit)
Retained earnings decreased significantly from 11% in 2018 to negative territory by mid-2020, indicating losses or distributions exceeding earnings, then gradually recovered some positive value, though not reaching prior high levels by early 2025.