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Nike Inc -Cl B is Among the Companies in the Footwear Industry With the Highest Debt to Asset Ratio (NKE, SKX, DECK, CROX, SHOO)

By Shiri Gupta

Below are the three companies in the Footwear industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Nike Inc -Cl B ranks highest with a a debt to asset ratio of 16.35. Following is Skechers Usa-A with a a debt to asset ratio of 2.96. Deckers Outdoor ranks third highest with a a debt to asset ratio of 2.74.

Crocs Inc follows with a a debt to asset ratio of 0.13, and Steven Madden rounds out the top five with a a debt to asset ratio of 0.00.

SmarTrend recommended that subscribers consider buying shares of Steven Madden on August 29th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $32.68. Since that recommendation, shares of Steven Madden have risen 27.3%. We continue to monitor Steven Madden for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to asset ratio nike inc -cl b skechers usa-a deckers outdoor crocs inc steven madden

Ticker(s): NKE SKX DECK CROX SHOO