NIKE Historical Balance Sheet
| NKE Stock | 14.75 0.19 1.30% |
Trend analysis of NIKE Inc CDR balance sheet accounts such as Total Current Liabilities of 11.1 B provides information on NIKE's total assets, liabilities, and equity, which is the actual value of NIKE Inc CDR to its prevalent stockholders. By breaking down trends over time using NIKE balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About NIKE Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of NIKE Inc CDR at a specified time, usually calculated after every quarter, six months, or one year. NIKE Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NIKE and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NIKE currently owns. An asset can also be divided into two categories, current and non-current.
NIKE Balance Sheet Chart
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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.Total Assets
Total assets refers to the total amount of NIKE assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NIKE Inc CDR books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on NIKE balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NIKE Inc CDR are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Short Term Investments
Short Term Investments is an item under the current assets section of NIKE balance sheet. It contains any investments NIKE Inc CDR undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that NIKE Inc CDR can easily liquidate in the marketplace.Most accounts from NIKE's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into NIKE Inc CDR current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 CDR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, NIKE's Other Current Assets are very stable compared to the past year. As of the 29th of November 2024, Net Invested Capital is likely to grow to about 25.6 B, while Net Debt is likely to drop about 1.3 B.
| 2023 | 2024 (projected) | Net Debt | 1.7B | 1.3B | Other Current Liabilities | 302.4M | 268.8M |
NIKE balance sheet Correlations
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NIKE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with NIKE
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NIKE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NIKE will appreciate offsetting losses from the drop in the long position's value.Moving together with NIKE Stock
The ability to find closely correlated positions to NIKE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NIKE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NIKE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NIKE Inc CDR to buy it.
The correlation of NIKE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NIKE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NIKE Inc CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NIKE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in NIKE Stock
Balance Sheet is a snapshot of the financial position of NIKE Inc CDR at a specified time, usually calculated after every quarter, six months, or one year. NIKE Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NIKE and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NIKE currently owns. An asset can also be divided into two categories, current and non-current.