NIKE (NKE) Balance Sheet: Assets & Liabilities

NIKE (NKE) Balance Sheet

As of May 31, 2026 (end of fiscal 2026), NIKE reported total assets of $38.41B and total liabilities of $23.55B. Shareholders' equity was $14.87B, up 12.5% from $13.21B a year earlier. Total debt stood at $7.94B against $9.03B in cash and short-term investments, a net cash position of $1.08B. That puts debt-to-equity at 0.53, compared with 0.60 a year earlier.

NIKE Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for NIKE, Inc. (NKE) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	May 2026	May 2025	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017
Current Assets
Cash and Cash Equivalents	7.56	7.46	9.86	7.44	8.57	9.89	8.35	4.47	4.25	3.81
Short-Term Investments	1.46	1.69	1.72	3.23	4.42	3.59	0.44	0.20	1.00	2.37
Cash & Short-Term Investments	9.03	9.15	11.58	10.68	13.00	13.48	8.79	4.66	5.25	6.18
Accounts Receivable	5.93	4.72	4.43	4.13	4.67	4.46	2.75	4.27	3.50	3.68
Inventory	7.50	7.49	7.52	8.45	8.42	6.85	7.37	5.62	5.26	5.06
Other Current Assets	2.14	2.01	1.85	1.94	2.13	1.50	1.65	1.97	1.13	1.15
Total Current Assets	24.60	23.36	25.38	25.20	28.21	26.29	20.56	16.53	15.13	16.06
Non-Current Assets
Property, Plant & Equipment (Net)	7.63	7.54	7.72	8.00	7.72	8.02	7.96	4.74	4.45	3.99
Long-Term Investments	0.00	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0.24	0.24	0.24	0.28	0.28	0.24	0.22	0.15	0.15	0.14
Intangible Assets	0.26	0.26	0.26	0.27	0.29	0.27	0.27	0.28	0.29	0.28
Other Non-Current Assets	5.67	5.18	4.51	3.77	3.82	2.92	0.00	0.00	0.00	0.00
Total Non-Current Assets	13.81	13.22	12.73	12.33	12.11	11.45	10.79	7.19	7.40	7.20
Total Assets	38.41	36.58	38.11	37.53	40.32	37.74	31.34	23.72	22.54	23.26
Current Liabilities
Accounts Payable	3.60	3.48	2.85	2.86	3.36	2.84	2.25	2.61	2.28	2.05
Short-Term Debt	2.00	0.01	1.01	0.43	0.51	0.00	0.70	0.02	0.34	0.33
Current Portion of Long-Term Debt	2.00	-	1.00	-	0.50	-	-	-	-	-
Accrued Liabilities	2.32	5.92	2.01	5.72	2.53	6.06	-	-	-	-
Other Current Liabilities	0.38	0.67	0.53	5.72	6.22	0.31	5.18	5.01	3.27	3.01
Total Current Liabilities	12.55	10.57	10.59	9.26	10.73	9.67	8.28	7.87	6.04	5.47
Non-Current Liabilities
Long-Term Debt	5.94	7.96	7.90	11.71	8.92	9.41	12.32	3.46	3.47	3.47
Deferred Tax Liabilities	0.00	0.13	0.15	0.00	2.61	0.88	2.68	3.35	3.22	1.91
Other Non-Current Liabilities	2.44	2.29	2.62	2.56	2.61	2.96	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	11.00	12.80	13.09	14.27	14.31	15.30	15.00	6.81	6.68	5.38
Total Liabilities	23.55	23.37	23.68	23.53	25.04	24.97	23.29	14.68	12.72	10.85
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-0.16	-0.73	0.97	1.36	3.48	3.18	-0.19	1.64	3.52	6.91
Accumulated Other Comprehensive Income	-0.14	-0.26	0.05	0.23	0.32	-0.38	-0.06	0.23	-0.09	-0.21
Additional Paid-in Capital	15.16	14.20	13.41	12.41	11.48	9.97	8.30	7.16	6.38	5.71
Shares Outstanding	1.48	1.48	1.50	1.53	1.57	-	-	-	-	-
Total Stockholders' Equity	14.87	13.21	14.43	14.00	15.28	12.77	8.06	9.04	9.81	12.41
Total Liabilities & Equity	38.41	36.58	38.11	37.53	40.32	37.74	31.34	23.72	22.54	23.26

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About NIKE Balance Sheet

How much debt does NIKE have?

NIKE had total debt of $7.94B as of May 31, 2026, against $9.03B in cash and short-term investments. Its debt-to-equity ratio was 0.53. Total debt was $7.97B a year earlier.

What are NIKE's total assets?

NIKE reported total assets of $38.41B as of May 31, 2026, up 5.0% from $36.58B a year earlier. Total liabilities were $23.55B.

What is NIKE's shareholders' equity?

NIKE's shareholders' equity was $14.87B as of May 31, 2026, or about $10.02 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition