Upwork Balance Sheet Health
Financial Health criteria checks 5/6
Upwork has a total shareholder equity of $361.1M and total debt of $357.0M, which brings its debt-to-equity ratio to 98.9%. Its total assets and total liabilities are $1.0B and $647.5M respectively. Upwork's EBIT is $50.7M making its interest coverage ratio -1.9. It has cash and short-term investments of $497.7M.
Key information
98.9%
Debt to equity ratio
US$357.01m
Debt
| Interest coverage ratio | -1.9x |
| Cash | US$497.74m |
| Equity | US$361.10m |
| Total liabilities | US$647.47m |
| Total assets | US$1.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UP2's short term assets ($855.7M) exceed its short term liabilities ($285.1M).
Long Term Liabilities: UP2's short term assets ($855.7M) exceed its long term liabilities ($362.4M).
Debt to Equity History and Analysis
Debt Level: UP2 has more cash than its total debt.
Reducing Debt: UP2's debt to equity ratio has increased from 18.3% to 98.9% over the past 5 years.
Debt Coverage: UP2's debt is well covered by operating cash flow (20.9%).
Interest Coverage: UP2 earns more interest than it pays, so coverage of interest payments is not a concern.