Wix.com Balance Sheet Health
Financial Health criteria checks 2/6
Wix.com has a total shareholder equity of $-54.5M and total debt of $569.7M, which brings its debt-to-equity ratio to -1045.6%. Its total assets and total liabilities are $1.8B and $1.9B respectively. Wix.com's EBIT is $6.0M making its interest coverage ratio -0.1. It has cash and short-term investments of $962.9M.
Key information
-1,045.6%
Debt to equity ratio
US$569.71m
Debt
Interest coverage ratio | -0.1x |
Cash | US$962.89m |
Equity | -US$54.48m |
Total liabilities | US$1.86b |
Total assets | US$1.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: W1X has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: W1X has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: W1X has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: W1X's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: W1X's debt is well covered by operating cash flow (43.6%).
Interest Coverage: W1X earns more interest than it pays, so coverage of interest payments is not a concern.