Shopify Balance Sheet Health
Financial Health criteria checks 5/6
Shopify has a total shareholder equity of $9.1B and total debt of $916.0M, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are $11.3B and $2.2B respectively. Shopify's EBIT is $260.0M making its interest coverage ratio -1.1. It has cash and short-term investments of $5.0B.
Key information
10.1%
Debt to equity ratio
US$916.00m
Debt
Interest coverage ratio | -1.1x |
Cash | US$5.04b |
Equity | US$9.07b |
Total liabilities | US$2.23b |
Total assets | US$11.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0VHA's short term assets ($6.3B) exceed its short term liabilities ($898.0M).
Long Term Liabilities: 0VHA's short term assets ($6.3B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: 0VHA has more cash than its total debt.
Reducing Debt: 0VHA's debt to equity ratio has increased from 0% to 10.1% over the past 5 years.
Debt Coverage: 0VHA's debt is well covered by operating cash flow (103.1%).
Interest Coverage: 0VHA earns more interest than it pays, so coverage of interest payments is not a concern.