Nike Total Liabilities vs Cash and Equivalents Analysis

NKE
 Stock
  

USD 113.87  0.61  0.53%   

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 Cash and Equivalents accounts. Additionally, see Stocks Correlation.

Total Liabilities vs Cash and Equivalents

Total Liabilities vs Cash and Equivalents 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 Cash and Equivalents. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Nike's Total Liabilities and Cash and Equivalents is 0.97. Overlapping area represents the amount of variation of Total Liabilities that can explain the historical movement of Cash and Equivalents 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 Cash and Equivalents 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 Cash and Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash and Equivalents has no effect on the direction of Total Liabilities i.e., Nike's Total Liabilities and Cash and Equivalents go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Cash and Equivalents

A component of Total Assets representing the amount of currency on hand as well as demand deposits with banks or financial institutions.
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

Nike Investors Sentiment

The influence of Nike's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nike. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Nike's public news can be used to forecast risks associated with investment in Nike. The trend in average sentiment can be used to explain how an investor holding Nike can time the market purely based on public headlines and social activities around Nike Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Nike's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nike's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nike's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Nike.

Nike Implied Volatility

    
  31.6  
Nike's implied volatility exposes the market's sentiment of Nike Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Nike's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Nike stock will not fluctuate a lot when Nike's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nike in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nike's short interest history, or implied volatility extrapolated from Nike options trading.

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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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Nike Stock analysis

When running Nike Inc price analysis, check to measure Nike's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nike is operating at the current time. Most of Nike's value examination focuses on studying past and present price action to predict the probability of Nike's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nike's price. Additionally, you may evaluate how the addition of Nike to your portfolios can decrease your overall portfolio volatility.
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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
178.6 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.