Nike Net Debt vs Good Will Analysis
NKE Stock | USD 91.77 0.10 0.11% |
Nike financial indicator trend analysis is infinitely more than just investigating Nike Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nike Inc is a good investment. Please check the relationship between Nike Net Debt and its Good Will accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nike Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Net Debt vs Good Will
Net Debt vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nike Inc Net Debt account and Good Will. At this time, the significance of the direction appears to have very week relationship.
The correlation between Nike's Net Debt and Good Will is 0.29. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of Nike Inc, assuming nothing else is changed. The correlation between historical values of Nike's Net Debt and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Nike Inc are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Debt i.e., Nike's Net Debt and Good Will go up and down completely randomly.
Correlation Coefficient | 0.29 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Nike's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nike Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nike Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. At present, Nike's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 26.84, whereas Discontinued Operations is forecasted to decline to about 16.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 205M | 286M | 328.9M | 345.3M | Depreciation And Amortization | 840M | 859M | 987.9M | 1.0B |
Nike fundamental ratios Correlations
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Nike Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nike fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 31.3B | 37.7B | 40.3B | 37.5B | 43.2B | 45.3B | |
Short Long Term Debt Total | 13.0B | 3.4B | 12.6B | 12.1B | 14.0B | 14.7B | |
Other Current Liab | 5.0B | 6.1B | 6.2B | 6.0B | 6.9B | 7.2B | |
Total Current Liabilities | 8.3B | 9.7B | 10.7B | 9.3B | 10.6B | 11.2B | |
Total Stockholder Equity | 8.1B | 12.8B | 15.3B | 14.0B | 16.1B | 16.9B | |
Property Plant And Equipment Net | 4.9B | 4.9B | 4.8B | 8.0B | 9.2B | 9.7B | |
Net Debt | 4.7B | (6.5B) | 4.1B | 4.7B | 4.2B | 4.4B | |
Retained Earnings | (191M) | 3.2B | 3.5B | 1.4B | 1.6B | 1.5B | |
Cash | 8.3B | 9.9B | 8.6B | 7.4B | 8.6B | 9.0B | |
Non Current Assets Total | 10.8B | 11.4B | 12.1B | 12.3B | 14.2B | 14.9B | |
Non Currrent Assets Other | 3.1B | 3.1B | 2.9B | 3.8B | 4.3B | 4.6B | |
Cash And Short Term Investments | 8.8B | 13.5B | 13.0B | 10.7B | 12.3B | 12.9B | |
Net Receivables | 2.7B | 4.5B | 4.7B | 4.1B | 4.8B | 2.4B | |
Common Stock Shares Outstanding | 1.6B | 1.6B | 1.6B | 1.6B | 1.4B | 1.7B | |
Liabilities And Stockholders Equity | 31.3B | 37.7B | 40.3B | 37.5B | 43.2B | 45.3B | |
Non Current Liabilities Total | 15.0B | 15.3B | 14.3B | 14.3B | 16.4B | 17.2B | |
Inventory | 7.4B | 6.9B | 8.4B | 8.5B | 9.7B | 10.2B | |
Other Current Assets | 1.7B | 1.5B | 2.1B | 1.9B | 2.2B | 2.3B | |
Other Stockholder Equity | 8.3B | 10.0B | 11.5B | 12.4B | 14.3B | 15.0B | |
Total Liab | 23.3B | 25.0B | 25.0B | 23.5B | 27.1B | 28.4B | |
Total Current Assets | 20.6B | 26.3B | 28.2B | 25.2B | 29.0B | 30.4B | |
Short Term Debt | 696M | 469M | 930M | 431M | 495.7M | 337.8M | |
Accounts Payable | 2.2B | 2.8B | 3.4B | 2.9B | 3.3B | 3.5B | |
Good Will | 223M | 242M | 284M | 281M | 252.9M | 218M | |
Property Plant And Equipment Gross | 9.7B | 10.1B | 10.1B | 8.0B | 9.2B | 5.3B | |
Accumulated Other Comprehensive Income | (92M) | 231M | (56M) | (380M) | 265.7M | 278.9M | |
Other Liab | 3.0B | 2.7B | 3.0B | 2.6B | 3.0B | 3.2B | |
Other Assets | 2.3B | 2.9B | 3.8B | 3.8B | 4.3B | 4.6B | |
Long Term Debt | 9.4B | 9.4B | 8.9B | 8.9B | 10.3B | 10.8B | |
Property Plant Equipment | 4.9B | 8.0B | 4.8B | 8.0B | 9.2B | 9.7B | |
Accumulated Depreciation | 4.7B | 4.8B | 5.2B | 5.3B | 6.1B | 3.2B | |
Short Term Investments | 439M | 3.6B | 4.4B | 3.2B | 3.7B | 2.0B | |
Net Tangible Assets | 10.5B | 12.3B | 14.7B | 16.2B | 18.7B | 12.4B | |
Retained Earnings Total Equity | (191M) | 3.2B | 3.5B | 1.4B | 1.2B | 1.2B | |
Long Term Debt Total | 9.4B | 9.4B | 8.9B | 8.9B | 10.3B | 10.8B | |
Capital Surpluse | 8.3B | 10.0B | 11.5B | 12.4B | 14.3B | 8.0B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nike Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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Is Nike's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nike. If investors know Nike will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nike listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Dividend Share 1.42 | Earnings Share 3.4 | Revenue Per Share 33.831 | Quarterly Revenue Growth 0.003 |
The market value of Nike Inc is measured differently than its book value, which is the value of Nike that is recorded on the company's balance sheet. Investors also form their own opinion of Nike's value that differs from its market value or its book value, called intrinsic value, which is Nike's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nike's market value can be influenced by many factors that don't directly affect Nike's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nike's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nike is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nike's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.