Shopify Balance Sheet Health
Financial Health criteria checks 5/6
Shopify has a total shareholder equity of $10.1B and total debt of $917.0M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are $12.3B and $2.2B respectively. Shopify's EBIT is $1.2B making its interest coverage ratio -4. It has cash and short-term investments of $4.9B.
Key information
9.1%
Debt to equity ratio
US$917.00m
Debt
| Interest coverage ratio | -4x |
| Cash | US$4.90b |
| Equity | US$10.12b |
| Total liabilities | US$2.21b |
| Total assets | US$12.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 307's short term assets ($6.5B) exceed its short term liabilities ($921.0M).
Long Term Liabilities: 307's short term assets ($6.5B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: 307 has more cash than its total debt.
Reducing Debt: 307's debt to equity ratio has increased from 0% to 9.1% over the past 5 years.
Debt Coverage: 307's debt is well covered by operating cash flow (158%).
Interest Coverage: 307 earns more interest than it pays, so coverage of interest payments is not a concern.