Current Ratio
since 2005
Calculation
Nike Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| May 31, 2025 | 2.21 | = | 23,362) | ÷ | 10,566) |
| May 31, 2024 | 2.40 | = | 25,382) | ÷ | 10,593) |
| May 31, 2023 | 2.72 | = | 25,202) | ÷ | 9,256) |
| May 31, 2022 | 2.63 | = | 28,213) | ÷ | 10,730) |
| May 31, 2021 | 2.72 | = | 26,291) | ÷ | 9,674) |
| May 31, 2020 | 2.48 | = | 20,556) | ÷ | 8,284) |
| May 31, 2019 | 2.10 | = | 16,525) | ÷ | 7,866) |
| May 31, 2018 | 2.51 | = | 15,134) | ÷ | 6,040) |
| May 31, 2017 | 2.93 | = | 16,061) | ÷ | 5,474) |
| May 31, 2016 | 2.80 | = | 15,025) | ÷ | 5,358) |
| May 31, 2015 | 2.52 | = | 15,976) | ÷ | 6,334) |
| May 31, 2014 | 2.72 | = | 13,696) | ÷ | 5,027) |
| May 31, 2013 | 3.47 | = | 13,626) | ÷ | 3,926) |
| May 31, 2012 | 2.98 | = | 11,531) | ÷ | 3,865) |
| May 31, 2011 | 2.85 | = | 11,297) | ÷ | 3,958) |
| May 31, 2010 | 3.26 | = | 10,959) | ÷ | 3,364) |
| May 31, 2009 | 2.97 | = | 9,734) | ÷ | 3,277) |
| May 31, 2008 | 2.66 | = | 8,839) | ÷ | 3,322) |
| May 31, 2007 | 3.13 | = | 8,077) | ÷ | 2,584) |
| May 31, 2006 | 2.81 | = | 7,359) | ÷ | 2,623) |
| May 31, 2005 | 3.18 | = | 6,351) | ÷ | 1,999) |
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), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in millions
- Current Assets
- The current assets exhibit a general upward trend over the examined period, increasing from 6,351 million US dollars in 2005 to 23,362 million US dollars in 2025. Several fluctuations are observable, including notable increases between 2013 and 2015, and from 2016 to 2021, reaching a peak at 28,213 million US dollars in 2022 before slightly declining in subsequent years. The growth in current assets suggests an expansion in the company's short-term resources available to meet operational needs.
- Current Liabilities
- Current liabilities broadly increased from 1,999 million US dollars in 2005 to 10,566 million US dollars in 2025, with some variability. Particularly, there was a significant rise around 2013 to 2015, followed by fluctuations and a peak in 2022. The increase in current liabilities indicates a higher level of short-term obligations, which may correlate to the company's growing operational scale.
- Current Ratio
- The current ratio shows a decreasing trend overall, from a high of 3.18 in 2005 to 2.21 in 2025. Although intermittent increases appear in certain years (e.g., 3.47 in 2013), the ratio generally declined, especially post-2014. This decline suggests a reduction in the margin of short-term liquidity, meaning the company’s current assets relative to current liabilities have become tighter. Despite this, the ratio remains above 2.0, indicating the company maintains a reasonable liquidity buffer.
Comparison to Competitors
Nike Inc., current ratio, long-term trends, comparison to competitors
| Nike Inc. | lululemon athletica inc. | |
|---|---|---|
| May 31, 2025 | 2.21 | 2.16 |
| May 31, 2024 | 2.40 | 2.49 |
| May 31, 2023 | 2.72 | 2.12 |
| May 31, 2022 | 2.63 | 1.86 |
| May 31, 2021 | 2.72 | 2.41 |
| May 31, 2020 | 2.48 | 2.91 |
| May 31, 2019 | 2.10 | 2.86 |
| May 31, 2018 | 2.51 | 4.91 |
| May 31, 2017 | 2.93 | 4.82 |
| May 31, 2016 | 2.80 | 4.07 |
| May 31, 2015 | 2.52 | 5.95 |
| May 31, 2014 | 2.72 | 8.31 |
| May 31, 2013 | 3.47 | 5.90 |
| May 31, 2012 | 2.98 | 5.10 |
| May 31, 2011 | 2.85 | 4.56 |
| May 31, 2010 | 3.26 | 3.69 |
| May 31, 2009 | 2.97 | 2.58 |
| May 31, 2008 | 2.66 | 2.73 |
| May 31, 2007 | 3.13 | — |
| May 31, 2006 | 2.81 | — |
| May 31, 2005 | 3.18 | — |
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), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Consumer Durables & Apparel)
Nike Inc., current ratio, long-term trends, comparison to sector (consumer durables & apparel)
| Nike Inc. | Consumer Durables & Apparel | |
|---|---|---|
| May 31, 2025 | 2.21 | — |
| May 31, 2024 | 2.40 | 2.41 |
| May 31, 2023 | 2.72 | 2.64 |
| May 31, 2022 | 2.63 | 2.54 |
| May 31, 2021 | 2.72 | 2.69 |
| May 31, 2020 | 2.48 | 2.51 |
| May 31, 2019 | 2.10 | 2.15 |
| May 31, 2018 | 2.51 | 2.62 |
| May 31, 2017 | 2.93 | 3.01 |
| May 31, 2016 | 2.80 | 2.86 |
| May 31, 2015 | 2.52 | 2.61 |
| May 31, 2014 | 2.72 | 2.85 |
| May 31, 2013 | 3.47 | 3.55 |
| May 31, 2012 | 2.98 | 3.04 |
| May 31, 2011 | 2.85 | 2.89 |
| May 31, 2010 | 3.26 | 3.26 |
| May 31, 2009 | 2.97 | 2.97 |
| May 31, 2008 | 2.66 | 2.66 |
| May 31, 2007 | 3.13 | 3.13 |
| May 31, 2006 | 2.81 | 2.81 |
| May 31, 2005 | 3.18 | 3.18 |
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), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Consumer Discretionary)
Nike Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Nike Inc. | Consumer Discretionary | |
|---|---|---|
| May 31, 2025 | 2.21 | — |
| May 31, 2024 | 2.40 | 1.22 |
| May 31, 2023 | 2.72 | 1.20 |
| May 31, 2022 | 2.63 | 1.15 |
| May 31, 2021 | 2.72 | 1.25 |
| May 31, 2020 | 2.48 | 1.19 |
| May 31, 2019 | 2.10 | 1.10 |
| May 31, 2018 | 2.51 | 1.15 |
| May 31, 2017 | 2.93 | 1.15 |
| May 31, 2016 | 2.80 | 1.12 |
| May 31, 2015 | 2.52 | 1.25 |
| May 31, 2014 | 2.72 | 1.11 |
| May 31, 2013 | 3.47 | 1.15 |
| May 31, 2012 | 2.98 | 1.14 |
| May 31, 2011 | 2.85 | 1.31 |
| May 31, 2010 | 3.26 | 1.24 |
| May 31, 2009 | 2.97 | 1.25 |
| May 31, 2008 | 2.66 | 0.96 |
| May 31, 2007 | 3.13 | 1.21 |
| May 31, 2006 | 2.81 | 1.15 |
| May 31, 2005 | 3.18 | 1.10 |
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), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).