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Nike

NYSE: NKE · USD

Nike debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$7,893M
Aug 31, 2009 through Aug 31, 2026

Cash & equivalents

USD millions

$6,903M

Net debt

USD millions

$990M

Debt / equity

×

0.52×

Debt / assets

%

20.88%

Net debt / EBITDA

× · TTM

—

Operating income is unavailable in the extracted statements for this period.

Debt / FCF

× · TTM

3.75×

Interest coverage

× · TTM

—

Operating income is unavailable in the extracted statements for this period.

Current ratio

×

2.07×

Diluted shares

Million shares

1,484.2M shares

Basic shares

Million shares

1,483.6M shares

Share count growth

%

0.47%

Share repurchases

USD millions

$0M

Quarterly data

Nike capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2027 Q1Aug 31, 20267,8936,9039900.52×20.88%—3.75×—2.07×1,484.21,483.60.47%0
FY 2026 Q4May 31, 20267,9427,5633790.53×20.68%—3.64×—1.96×1,482.781,482.470.38%0
FY 2026 Q3Feb 28, 20268,0296,6601,3690.57×21.66%—7.66×—2.14×1,481.61,480.50.16%0
FY 2026 Q2Nov 30, 20258,0156,9741,0410.57×21.21%—3.24×—2.06×1,4811,479.5-0.49%20
FY 2026 Q1Aug 31, 2025—7,024——————2.19×1,4791,476.6-1.41%126
FY 2025 Q4May 31, 20257,9667,4645020.6×21.78%—2.44×—2.21×1,477.511,476.89-2.07%199
FY 2025 Q3Feb 28, 20258,9608,6013590.64×23.71%—1.69×—2.19×1,480.61,478.1-2.32%506
FY 2025 Q2Nov 30, 20249,0227,9791,0430.64×23.77%—1.64×—2.22×1,4901,486.8-2.24%1,096
FY 2025 Q1Aug 31, 20249,0108,4855250.65×23.79%—1.25×—2.36×1,5021,497.7-2.01%1,184
FY 2024 Q4May 31, 20248,9099,860-9510.62×23.38%—1.35×—2.4×1,516.891,508.07-1.85%1,036
FY 2024 Q3Feb 29, 20248,9368,960-240.63×23.92%—1.44×—2.74×1,526.51,513.2-1.98%883
FY 2024 Q2Nov 30, 20238,9367,9191,0170.63×24.02%—1.42×—2.74×1,532.11,520.8-2.45%1,198
FY 2024 Q1Aug 31, 20238,9356,1782,7570.64×24.29%—2×—2.87×1,543.31,528.4-2.47%1,133
FY 2023 Q4May 31, 20238,9337,4411,4920.64×23.8%—1.83×—2.72×1,556.151,536.47-2.26%1,379
FY 2023 Q3Feb 28, 20239,4396,9552,4840.65×24.65%—2.49×—2.73×1,564.81,543.8-2.23%1,551
FY 2023 Q2Nov 30, 20229,4316,4902,9410.62×23.79%—5.29×—2.69×1,572.41,559-1.48%1,567
FY 2023 Q1Aug 31, 20229,4317,2262,2050.6×22.95%—2.62×—2.64×1,585.81,567.1-0.94%983
FY 2022 Q4May 31, 20229,4308,5748560.62×23.39%—2.13×—2.63×1,595.961,571.98-0.46%1,091
FY 2022 Q3Feb 28, 20229,4188,7047140.64×24.41%—1.76×—3.06×1,610.71,5790.06%1,200
FY 2022 Q2Nov 30, 20219,42610,751-1,3250.63×24.22%—1.46×—3.07×1,617.41,582.40.6%971
FY 2022 Q1Aug 31, 20219,43010,720-1,2900.66×24.87%—1.53×—3.19×1,619.61,581.91.29%752
FY 2021 Q4May 31, 20219,4159,889-4740.74×24.95%—1.58×—2.72×1,615.631,579.231.5%608
FY 2021 Q3Feb 28, 20219,4168,5169000.79×26.02%—2.46×—2.78×1,616.91,5781.39%0
FY 2021 Q2Nov 30, 20209,4518,6358160.89×27.13%—2.61×—2.66×1,609.51,5730.79%0
FY 2021 Q1Aug 31, 20209,5468,1481,3981.03×28.7%—4.78×—2.55×1,593.31,561.8-0.04%0
FY 2020 Q4May 31, 20209,6578,3481,3091.2×30.81%—6.9×—2.48×1,582.671,555.82-0.93%202
FY 2020 Q3Feb 29, 20203,4762,8636130.38×13.26%—1.01×—1.9×1,591.61,556.3-1.05%944
FY 2020 Q2Nov 30, 20193,7683,0706980.4×14.16%—1.12×—1.98×1,594.41,560.6-1.32%922
FY 2020 Q1Aug 31, 20193,7193,4462730.4×14.17%—0.94×—2.01×1,597.51,562.4-1.98%999
FY 2019 Q4May 31, 20193,4794,466-9870.38×14.67%—0.73×—2.1×1,609.21,570.5-2.19%881
FY 2019 Q3Feb 28, 20193,4873,695-2080.39×15.21%—0.7×—2.17×1,609.61,572.8-3.12%768
FY 2019 Q2Nov 30, 20183,4813,423580.4×15.35%—0.74×—2.14×1,620.71,581.4-2.8%1,277
FY 2019 Q1Aug 31, 20183,4863,2822040.39×15.51%—0.76×—2.31×1,634.41,594-2.75%1,360
FY 2018 Q4May 31, 20183,8104,249-4390.39×16.91%—0.97×—2.51×1,639.521,605.7-2.5%1,560
FY 2018 Q3Feb 28, 20183,4863,662-1760.36×15.46%—1.38×—2.66×1,623.51,623.5-1.79%918
FY 2018 Q2Nov 30, 20174,7114,3044070.4×19.58%—1.71×—2.46×1,660.91,627-1.93%972
FY 2018 Q1Aug 31, 20173,8143,4134010.32×16.13%—1.59×—2.67×1,676.91,639.1-1.97%804
FY 2017 Q4May 31, 20173,8023,808-60.31×16.35%—1.5×—2.93×1,678.941,646.82-2.1%794
FY 2017 Q3Feb 28, 20173,5014,021-5200.28×15.12%—1.2×—3.07×1,686.31,653.1-2.4%475
FY 2017 Q2Nov 30, 20163,5374,339-8028.86×15.61%—1.31×—3.06×1,693.21,659.1-2.78%900
FY 2017 Q1Aug 31, 20162,0592,659-60024.22×9.73%—0.92×—2.72×1,708.91,672-2.17%1,054
FY 2016 Q4May 31, 20162,0553,138-1,0836.46×9.6%—1.05×—2.8×1,724.631,682.12-1.89%540
FY 2016 Q3Feb 29, 20162,0553,044-9890.17×9.79%—0.97×—3.06×1,737.31,693.8-1.68%1,458
FY 2016 Q2Nov 30, 20152,1713,851-1,6800.16×9.61%—0.64×—3.04×1,751.41,706.5-1.14%652
FY 2016 Q1Aug 31, 20151,2083,246-2,0380.09×5.82%—0.34×—2.89×1,754.61,709-1.2%588
FY 2015 Q4May 31, 20151,2603,852-2,5921.01×5.83%—0.34×—2.52×1,762.271,714.5-1.91%679
FY 2015 Q3Feb 28, 20151,2513,015-1,7640.1×6.09%—0.34×—2.72×1,767.61,722.8-2.37%612
FY 2015 Q2Nov 30, 20141,2872,273-9860.11×6.71%—0.54×—2.84×1,769.61,726.2-2.8%424
FY 2015 Q1Aug 31, 20141,3472,303-9560.12×7.27%—0.65×—2.81×1,772.41,729.8-2.75%819
FY 2014 Q4May 31, 20141,3732,220-8470.13×7.38%—0.65×—2.72×1,792.021,747.81-2.09%912
FY 2014 Q3Feb 28, 20141,3271,864-5370.12×7.45%—0.62×—3.39×1,809.61,764.6-1.3%788
FY 2014 Q2Nov 30, 20131,3882,086-6980.12×7.79%—0.73×—3.53×1,821.21,776-1%402
FY 2014 Q1Aug 31, 20131,3752,936-1,5610.12×7.78%—0.59×—3.53×1,821.41,778.8-1.79%526
FY 2013 Q4May 31, 20131,3883,337-1,9490.12×7.89%—0.58×—3.47×1,832.211,785.1-2.61%242
FY 2013 Q3Feb 28, 20133212,557-2,2360.03×2.06%—0.16×—3.37×1,823.41,787.8-2.31%253
FY 2013 Q2Nov 30, 20123282,291-1,9630.03×2.16%—0.17×—3.01×1,826.21,794-2.33%413
FY 2013 Q1Aug 31, 20123642,165-1,8010.04×2.41%—0.21×—2.95×1,845.61,811.2-2.62%766
FY 2012 Q4May 31, 20123852,317-1,9320.04×2.49%—0.3×—2.98×1,874.431,832.85-2.36%229
FY 2012 Q3Feb 29, 20123692,021-1,6520.04×2.49%—0.29×—3.21×1,869.21,830-3.75%260
FY 2012 Q2Nov 30, 20114711,929-1,4580.05×3.23%—0.37×—3.01×1,8741,836.8-3.91%699
FY 2012 Q1Aug 31, 20115181,608-1,0900.05×3.5%—0.42×—2.94×1,897.21,860-3.04%626
FY 2011 Q4May 31, 20116631,955-1,2920.07×4.42%—0.48×—2.85×1,919.061,877.07-3.17%607
FY 2011 Q3Feb 28, 20116132,132-1,5190.06×4.23%—0.33×—3.23×1,9421,901.2-1.88%467
FY 2011 Q2Nov 30, 20105981,768-1,1700.06×4.13%—0.29×—3.36×1,950.41,911.6-1.91%297
FY 2011 Q1Aug 31, 20105832,010-1,4270.06×4.15%—0.25×—3.35×1,954.41,918.4-1.28%488
FY 2010 Q4May 31, 2010591.83,079.1-2,487.30.06×4.1%—0.21×—3.26×1,982.721,938.44—215.2
FY 2010 Q3Feb 28, 2010568.22,225.2-1,6570.06×4.19%———3.54×1,969.21,937.6—333.3
FY 2010 Q2Nov 30, 2009570.32,035.2-1,464.90.06×4.27%———3.49×1,9781,948.8—177.7
FY 2010 Q1Aug 31, 20095452,260.6-1,715.60.06×4.13%———3.37×1,966.41,943.2—15
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · NKE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.