Equinix Balance Sheet Health
Financial Health criteria checks 4/6
Equinix has a total shareholder equity of $12.5B and total debt of $13.7B, which brings its debt-to-equity ratio to 109.7%. Its total assets and total liabilities are $32.7B and $20.1B respectively. Equinix's EBIT is $1.0B making its interest coverage ratio 3.4. It has cash and short-term investments of $2.1B.
Key information
109.7%
Debt to equity ratio
US$13.73b
Debt
Interest coverage ratio | 3.4x |
Cash | US$2.10b |
Equity | US$12.51b |
Total liabilities | US$20.14b |
Total assets | US$32.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EQN2's short term assets ($3.6B) exceed its short term liabilities ($3.2B).
Long Term Liabilities: EQN2's short term assets ($3.6B) do not cover its long term liabilities ($17.0B).
Debt to Equity History and Analysis
Debt Level: EQN2's net debt to equity ratio (93%) is considered high.
Reducing Debt: EQN2's debt to equity ratio has reduced from 135.9% to 109.7% over the past 5 years.
Debt Coverage: EQN2's debt is well covered by operating cash flow (23.4%).
Interest Coverage: EQN2's interest payments on its debt are well covered by EBIT (3.4x coverage).