adidas AG (adidas AG) Debt-to-Equity : 1.22 (As of Dec. 2023)

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What is adidas AG Debt-to-Equity?

adidas AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,193 Mil. adidas AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,874 Mil. adidas AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,995 Mil. adidas AG's debt to equity for the quarter that ended in Dec. 2023 was 1.21.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for adidas AG's Debt-to-Equity or its related term are showing as below:

ADDDF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.52 Max: 1.29
Current: 1.22

During the past 13 years, the highest Debt-to-Equity Ratio of adidas AG was 1.29. The lowest was 0.19. And the median was 0.52.

ADDDF's Debt-to-Equity is ranked worse than
79.79% of 935 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs ADDDF: 1.22

adidas AG Debt-to-Equity Historical Data

The historical data trend for adidas AG's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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adidas AG Debt-to-Equity Chart

adidas AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.70

0.91

0.71

1.29

1.22

adidas AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.29	1.45	1.37	1.10	1.22

Competitive Comparison of adidas AG's Debt-to-Equity

For the Footwear & Accessories subindustry, adidas AG's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

adidas AG's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where adidas AG's Debt-to-Equity falls into.

adidas AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

adidas AG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1193.021	+	4873.501)	/	4994.547
	=	1.21

adidas AG's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1193.021	+	4873.501)	/	4994.547
	=	1.21

adidas AG (OTCPK:ADDDF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

adidas AG Debt-to-Equity Related Terms

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adidas AG (adidas AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » adidas AG (OTCPK:ADDDF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ADDYY:USA ADS:Romania ADS:Poland ADS:Mexico ADS:Italy ADIDAS:Hungary ADSd:UK 0OLD:UK ADS:Germany ADS:Austria

Address

Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.adidas-group.com

Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through nearly 2,000 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 65 countries. The company was founded in 1949 in Germany.