Nike Non Currrent Assets Other vs Non Current Liabilities Total Analysis

NKE Stock  USD 77.13  0.68  0.89%   
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 Non Currrent Assets Other and its Non Current Liabilities Total 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 closely tied with the direction of predictive economic indicators such as signals in industry.

Non Currrent Assets Other vs Non Current Liabilities Total

Non Currrent Assets Other vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nike Inc Non Currrent Assets Other account and Non Current Liabilities Total. At this time, the significance of the direction appears to have no relationship.
The correlation between Nike's Non Currrent Assets Other and Non Current Liabilities Total is 0.0. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Non Current Liabilities Total 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 Non Currrent Assets Other and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Nike Inc are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Non Currrent Assets Other i.e., Nike's Non Currrent Assets Other and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.0
Relationship DirectionFlat 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Non Current Liabilities Total

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 closely tied with the direction of predictive economic indicators such as signals in industry.
At present, Nike's Enterprise Value is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit21.5B22.3B22.9B24.0B
Total Revenue46.7B51.2B51.4B53.9B

Nike fundamental ratios Correlations

0.90.970.980.80.890.37-0.280.950.990.020.970.68-0.860.920.980.760.960.971.00.740.940.16-0.130.890.85
0.90.880.880.510.830.6-0.60.940.94-0.120.890.38-0.650.980.90.550.850.960.870.80.74-0.050.220.780.75
0.970.880.990.690.860.34-0.390.940.960.060.910.66-0.830.920.950.820.90.970.960.680.930.07-0.060.860.86
0.980.880.990.760.890.36-0.340.940.970.030.920.67-0.860.90.960.810.940.960.970.750.950.13-0.130.920.88
0.80.510.690.760.70.120.270.640.720.050.770.76-0.790.520.750.760.840.620.830.530.860.46-0.50.710.58
0.890.830.860.890.70.48-0.440.850.930.040.80.53-0.80.830.90.670.940.870.860.750.830.13-0.110.880.85
0.370.60.340.360.120.48-0.570.340.45-0.070.27-0.03-0.240.460.490.250.420.430.320.490.27-0.130.290.30.27
-0.28-0.6-0.39-0.340.27-0.44-0.57-0.45-0.420.11-0.230.270.05-0.55-0.33-0.05-0.29-0.48-0.21-0.47-0.090.54-0.61-0.33-0.37
0.950.940.940.940.640.850.34-0.450.96-0.130.950.5-0.740.950.910.640.890.970.940.830.830.080.040.880.82
0.990.940.960.970.720.930.45-0.420.960.040.940.6-0.840.950.980.710.960.980.970.780.90.09-0.050.90.87
0.02-0.120.060.030.050.04-0.070.11-0.130.04-0.130.36-0.350.00.140.110.00.010.01-0.410.22-0.12-0.430.060.35
0.970.890.910.920.770.80.27-0.230.950.94-0.130.61-0.750.910.90.660.90.940.970.750.860.13-0.030.810.74
0.680.380.660.670.760.53-0.030.270.50.60.360.61-0.840.480.680.680.620.560.710.190.820.33-0.510.580.64
-0.86-0.65-0.83-0.86-0.79-0.8-0.240.05-0.74-0.84-0.35-0.75-0.84-0.72-0.89-0.79-0.82-0.78-0.86-0.47-0.93-0.320.54-0.84-0.87
0.920.980.920.90.520.830.46-0.550.950.950.00.910.48-0.720.920.570.840.990.90.720.79-0.050.150.790.82
0.980.90.950.960.750.90.49-0.330.910.980.140.90.68-0.890.920.770.940.960.970.680.940.15-0.150.860.87
0.760.550.820.810.760.670.25-0.050.640.710.110.660.68-0.790.570.770.740.670.780.430.850.26-0.40.680.64
0.960.850.90.940.840.940.42-0.290.890.960.00.90.62-0.820.840.940.740.890.950.790.90.17-0.160.90.8
0.970.960.970.960.620.870.43-0.480.970.980.010.940.56-0.780.990.960.670.890.950.750.870.010.050.860.86
1.00.870.960.970.830.860.32-0.210.940.970.010.970.71-0.860.90.970.780.950.950.710.950.2-0.160.870.82
0.740.80.680.750.530.750.49-0.470.830.78-0.410.750.19-0.470.720.680.430.790.750.710.580.080.160.820.59
0.940.740.930.950.860.830.27-0.090.830.90.220.860.82-0.930.790.940.850.90.870.950.580.25-0.350.870.87
0.16-0.050.070.130.460.13-0.130.540.080.09-0.120.130.33-0.32-0.050.150.260.170.010.20.080.25-0.540.210.07
-0.130.22-0.06-0.13-0.5-0.110.29-0.610.04-0.05-0.43-0.03-0.510.540.15-0.15-0.4-0.160.05-0.160.16-0.35-0.54-0.27-0.25
0.890.780.860.920.710.880.3-0.330.880.90.060.810.58-0.840.790.860.680.90.860.870.820.870.21-0.270.9
0.850.750.860.880.580.850.27-0.370.820.870.350.740.64-0.870.820.870.640.80.860.820.590.870.07-0.250.9
Click cells to compare fundamentals

Nike Account Relationship Matchups

Nike fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets31.3B37.7B40.3B37.5B38.1B40.0B
Short Long Term Debt Total13.0B9.9B12.6B12.1B12.0B12.5B
Other Current Liab5.0B6.1B6.2B5.7B5.7B6.0B
Total Current Liabilities8.3B9.7B10.7B9.3B10.6B11.1B
Total Stockholder Equity8.1B12.8B15.3B14.0B14.4B15.2B
Property Plant And Equipment Net4.9B4.9B4.8B8.0B7.7B8.1B
Net Debt4.7B(6.5B)4.1B4.7B2.1B2.2B
Retained Earnings(191M)3.2B3.5B1.4B965M916.8M
Cash8.3B9.9B8.6B7.4B9.9B10.4B
Non Current Assets Total10.8B11.4B12.1B12.3B12.7B13.4B
Non Currrent Assets Other3.1B3.1B2.9B3.8B(44M)(41.8M)
Cash And Short Term Investments8.8B13.5B13.0B10.7B11.6B12.2B
Net Receivables2.7B4.5B4.7B4.1B4.4B2.5B
Common Stock Shares Outstanding1.6B1.6B1.6B1.6B1.5B1.6B
Liabilities And Stockholders Equity31.3B37.7B40.3B37.5B38.1B40.0B
Non Current Liabilities Total15.0B15.3B14.3B14.3B13.1B13.7B
Inventory7.4B6.9B8.4B8.5B7.5B7.9B
Other Current Assets1.7B1.5B2.1B1.9B1.9B1.9B
Other Stockholder Equity8.3B10.0B11.5B12.4B13.4B14.1B
Total Liab23.3B25.0B25.0B23.5B23.7B24.9B
Total Current Assets20.6B26.3B28.2B25.2B25.4B26.7B
Short Term Debt696M469M930M431M1.5B1.6B
Accounts Payable2.2B2.8B3.4B2.9B2.9B3.0B
Good Will223M242M284M281M240M217.1M
Property Plant And Equipment Gross9.7B10.1B10.1B8.0B13.6B14.3B
Accumulated Other Comprehensive Income(92M)231M(56M)(380M)53M55.7M
Other Liab3.0B2.7B3.0B2.6B3.0B3.2B
Other Assets2.3B2.9B3.8B3.8B4.3B4.6B
Long Term Debt9.4B9.4B8.9B8.9B7.9B8.3B
Property Plant Equipment4.9B8.0B4.8B8.0B9.2B9.7B
Accumulated Depreciation4.7B4.8B5.2B5.3B6.1B3.2B
Short Term Investments439M3.6B4.4B3.2B1.7B2.0B
Net Tangible Assets10.5B12.3B14.7B16.2B18.7B12.4B
Retained Earnings Total Equity(191M)3.2B3.5B1.4B1.2B1.2B
Long Term Debt Total9.4B9.4B8.9B8.9B10.3B10.8B
Capital Surpluse8.3B10.0B11.5B12.4B14.3B8.0B

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When determining whether Nike Inc is a strong investment it is important to analyze Nike's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nike's future performance. For an informed investment choice regarding Nike Stock, refer to the following important reports:
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 closely tied with the direction of predictive economic indicators such as signals in industry.
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Is Textiles, Apparel & Luxury Goods space 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
(0.26)
Dividend Share
1.48
Earnings Share
3.49
Revenue Per Share
33.122
Quarterly Revenue Growth
(0.10)
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.