Is Adidas financially healthy?
Mostly
Adidas would need 1.3 years of earnings to pay off its debt, which is manageable.
The numbers behind it
Net debt / EBITDA1.3 years
Cash vs. debt€1.3B vs. €5.6B
Current ratio1.3×Short-term assets for each €1 of bills due within a year
Interest coverage9.0×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about Adidas
Data as of Nov 13, 2026.