Nike Current Liabilities vs Shareholders Equity Analysis

NKE
 Stock
  

USD 117.04  1.02  0.86%   

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 Current Liabilities and its Shareholders Equity accounts. Additionally, see Stocks Correlation.

Current Liabilities vs Shareholders Equity

Current Liabilities vs Shareholders Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nike Inc Current Liabilities account and Shareholders Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nike's Current Liabilities and Shareholders Equity is 0.42. Overlapping area represents the amount of variation of Current Liabilities that can explain the historical movement of Shareholders Equity 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 Current Liabilities and Shareholders Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Liabilities of Nike Inc are associated (or correlated) with its Shareholders Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Shareholders Equity has no effect on the direction of Current Liabilities i.e., Nike's Current Liabilities and Shareholders Equity go up and down completely randomly.

Correlation Coefficient

0.42
Relationship DirectionPositive 
Relationship StrengthWeak

Current Liabilities

The current portion of Total Liabilities; reported if the company operates a classified balance sheet that segments current and non-current liabilities.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.
Most indicators from Nike 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. Additionally, see Stocks Correlation.The current year Issuance Purchase of Equity Shares is expected to grow to about 547.7 M, whereas Net Loss Income from Discontinued Operations is forecasted to decline to (19.4 M).
 2019 2020 2021 2022 (projected)
Consolidated Income2.54 B5.73 B6.59 B5.31 B
Direct Expenses21.16 B24.58 B25.23 B20.76 B

Nike fundamental ratios Correlations

0.620.880.960.940.950.890.940.580.940.38-0.290.960.160.160.960.960.960.910.970.70.820.84
0.620.850.660.680.640.540.520.060.540.6-0.330.620.310.310.610.710.570.830.580.930.670.73
0.880.850.860.850.90.760.770.350.780.53-0.360.90.180.180.850.90.820.980.830.840.860.89
0.960.660.861.00.950.950.970.630.970.49-0.150.920.370.370.980.970.980.910.980.770.820.78
0.940.680.851.00.920.940.950.60.960.55-0.150.890.430.430.950.970.960.90.970.80.80.74
0.950.640.90.950.920.930.950.70.950.41-0.130.980.20.20.970.930.960.910.960.70.850.84
0.890.540.760.950.940.930.970.750.970.320.050.90.280.280.970.910.970.810.960.630.690.73
0.940.520.770.970.950.950.970.771.00.35-0.010.920.290.290.980.930.990.820.990.650.710.74
0.580.060.350.630.60.70.750.770.760.080.370.640.170.170.690.540.730.390.70.210.440.4
0.940.540.780.970.960.950.971.00.760.35-0.020.920.290.290.980.931.00.830.990.660.720.74
0.380.60.530.490.550.410.320.350.080.35-0.290.310.770.770.310.420.340.520.350.650.640.16
-0.29-0.33-0.36-0.15-0.15-0.130.05-0.010.37-0.02-0.29-0.230.050.05-0.09-0.19-0.06-0.3-0.07-0.16-0.41-0.25
0.960.620.90.920.890.980.90.920.640.920.31-0.230.070.070.960.930.940.910.950.640.830.87
0.160.310.180.370.430.20.280.290.170.290.770.050.071.00.20.240.250.230.240.450.32-0.07
0.160.310.180.370.430.20.280.290.170.290.770.050.071.00.20.240.250.230.240.450.32-0.07
0.960.610.850.980.950.970.970.980.690.980.31-0.090.960.20.20.970.990.890.990.690.760.83
0.960.710.90.970.970.930.910.930.540.930.42-0.190.930.240.240.970.950.950.960.80.810.84
0.960.570.820.980.960.960.970.990.731.00.34-0.060.940.250.250.990.950.871.00.690.740.8
0.910.830.980.910.90.910.810.820.390.830.52-0.30.910.230.230.890.950.870.880.870.860.9
0.970.580.830.980.970.960.960.990.70.990.35-0.070.950.240.240.990.961.00.880.70.760.8
0.70.930.840.770.80.70.630.650.210.660.65-0.160.640.450.450.690.80.690.870.70.690.73
0.820.670.860.820.80.850.690.710.440.720.64-0.410.830.320.320.760.810.740.860.760.690.72
0.840.730.890.780.740.840.730.740.40.740.16-0.250.87-0.07-0.070.830.840.80.90.80.730.72
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Nike Account Relationship Matchups

Nike fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories5.26 B5.62 B7.37 B6.85 B8.42 B9.08 B
Receivables3.5 B4.27 B2.75 B4.46 B4.67 B3.93 B
Accounts Payable2.28 B2.61 B2.25 B2.84 B3.36 B2.66 B
Accumulated Other Comprehensive Income(92 M)231 M(56 M)(380 M)(342 M)(351 M)
Total Assets22.54 B23.72 B31.34 B37.74 B40.32 B43.5 B
Current Assets15.13 B16.52 B20.56 B26.29 B28.21 B30.44 B
Assets Non Current7.4 B7.19 B10.79 B11.45 B13.17 B10.75 B
Cash and Equivalents4.25 B4.47 B8.35 B9.89 B8.57 B9.25 B
Cash and Equivalents USD4.25 B4.47 B8.35 B9.89 B11.37 B12.27 B
Total Debt3.81 B3.48 B13.02 B12.81 B14.73 B15.9 B
Debt Current342 M15 M696 M469 M539.35 M439.24 M
Debt Non Current3.47 B3.46 B12.32 B12.34 B14.2 B15.32 B
Total Debt USD3.81 B3.48 B13.02 B12.81 B14.73 B15.9 B
Shareholders Equity9.81 B9.04 B8.05 B12.77 B15.28 B12.72 B
Shareholders Equity USD9.81 B9.04 B8.05 B12.77 B11.49 B10.61 B
Goodwill and Intangible Assets439 M437 M497 M511 M459.9 M439.41 M
Inventory5.26 B5.62 B7.37 B6.85 B7.88 B6.92 B
Investments996 M197 M439 M3.59 B3.23 B3.48 B
Investments Current996 M197 M439 M3.59 B3.23 B3.48 B
Total Liabilities12.72 B14.68 B23.29 B24.97 B25.04 B27.02 B
Current Liabilities6.04 B7.87 B8.28 B9.67 B10.73 B11.58 B
Liabilities Non Current6.68 B6.81 B15 B15.3 B17.59 B18.98 B
Trade and Non Trade Payables2.28 B2.61 B2.25 B2.84 B3.26 B2.93 B
Property Plant and Equipment Net4.45 B4.74 B7.96 B8.02 B9.22 B9.95 B
Trade and Non Trade Receivables3.5 B4.27 B2.75 B4.46 B5.13 B4.71 B
Accumulated Retained Earnings Deficit3.52 B1.64 B(191 M)3.18 B2.86 B3.26 B
Tax Assets2.51 B2.01 B2.33 B2.92 B3.36 B2.99 B
Tax Liabilities3.37 B3.58 B2.84 B3.26 B3.75 B3.23 B

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Additionally, see Stocks Correlation. Note that the Nike Inc information on this page should be used as a complementary analysis to other Nike's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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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 YOY
-0.043
Market Capitalization
182.5 B
Quarterly Revenue Growth YOY
-0.009
Return On Assets
0.11
Return On Equity
0.43
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 Nike value 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.