Nike Total Liabilities vs Accounts Payable Analysis

NKE
 Stock
  

USD 113.14  2.93  2.52%   

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 Total Liabilities and its Accounts Payable accounts. Additionally, see Stocks Correlation.

Total Liabilities vs Accounts Payable

Total Liabilities vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nike Inc Total Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nike's Total Liabilities and Accounts Payable is 0.85. Overlapping area represents the amount of variation of Total Liabilities that can explain the historical movement of Accounts Payable 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 Total Liabilities and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liabilities of Nike Inc are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Liabilities i.e., Nike's Total Liabilities and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Total Liabilities

Deferred Income Tax is recorded on Nike Inc balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Nike books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.

Accounts Payable

An accounting item on the balance sheet that represents Nike obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Nike Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms.
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
Click cells to compare fundamentals

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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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
177.5 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.