How to Read a Balance Sheet in 4 Steps (Real Example: Nike)

Описание: Nike reported $38.4B in assets, negative retained earnings of $155M, and $2.0B of debt due within a year (balance sheet at May 31, 2026). Is that healthy or a warning? In this video we read Nike's balance sheet in four steps: liquidity, debt, working capital quality, and asset and equity quality, and compare it with Costco from the first video.

Chapters
0:00 Nike: healthy balance sheet or a warning?
0:30 The balance sheet equation
1:04 Assets: current vs non-current
2:03 Liabilities
2:39 Equity and negative retained earnings
3:28 The 4 checks
3:34 Step 1: Liquidity (current ratio)
4:20 Step 2: Debt vs cash
5:03 Step 3: Working capital quality
5:57 Step 4: Asset and equity quality
6:42 Costco vs Nike side by side
7:30 4 balance sheet mistakes
8:04 The checklist
8:40 Quiz
9:24 Recap

Sources: Nike, Inc. Form 10-K for the fiscal year ended May 31, 2026 (filed July 15, 2026); Costco Wholesale Form 10-K for the fiscal year ended Aug 30, 2026 (SEC EDGAR). Figures are in US dollars and rounded. Subtotals not reported on the face of the balance sheet (for example total liabilities and non-current asset groupings) are computed from reported line items.

Video 1: How to Read Financial Statements (Costco):    • Why Costco's Cash Beat Its Profit by $6.6B...  
Next video: Free Cash Flow explained with a real example.

Stock footage: Pexels (free license). Some visuals generated with Google Flow.
Music: "Wallpaper" by Kevin MacLeod (incompetech.com), licensed under Creative Commons: By Attribution 4.0 License, http://creativecommons.org/licenses/b...

#balancesheet #financialstatements #investingforbeginners

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