Equinix Balance Sheet Health
Financial Health criteria checks 3/6
Equinix has a total shareholder equity of $13.6B and total debt of $15.3B, which brings its debt-to-equity ratio to 112.2%. Its total assets and total liabilities are $35.4B and $21.8B respectively. Equinix's EBIT is $1.1B making its interest coverage ratio 3.6. It has cash and short-term investments of $2.8B.
Key information
112.2%
Debt to equity ratio
US$15.28b
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$2.78b |
| Equity | US$13.61b |
| Total liabilities | US$21.83b |
| Total assets | US$35.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EQIX34's short term assets ($4.6B) exceed its short term liabilities ($4.4B).
Long Term Liabilities: EQIX34's short term assets ($4.6B) do not cover its long term liabilities ($17.5B).
Debt to Equity History and Analysis
Debt Level: EQIX34's net debt to equity ratio (91.8%) is considered high.
Reducing Debt: EQIX34's debt to equity ratio has increased from 107.5% to 112.2% over the past 5 years.
Debt Coverage: EQIX34's debt is well covered by operating cash flow (21.4%).
Interest Coverage: EQIX34's interest payments on its debt are well covered by EBIT (3.6x coverage).