Equinix Balance Sheet Health
Financial Health criteria checks 3/6
Equinix has a total shareholder equity of $12.3B and total debt of $14.3B, which brings its debt-to-equity ratio to 116.6%. Its total assets and total liabilities are $32.9B and $20.6B respectively. Equinix's EBIT is $1.1B making its interest coverage ratio 3.6. It has cash and short-term investments of $2.0B.
Key information
116.6%
Debt to equity ratio
US$14.34b
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$1.99b |
| Equity | US$12.30b |
| Total liabilities | US$20.55b |
| Total assets | US$32.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EQIX *'s short term assets ($3.7B) exceed its short term liabilities ($3.1B).
Long Term Liabilities: EQIX *'s short term assets ($3.7B) do not cover its long term liabilities ($17.5B).
Debt to Equity History and Analysis
Debt Level: EQIX *'s net debt to equity ratio (100.4%) is considered high.
Reducing Debt: EQIX *'s debt to equity ratio has increased from 109.7% to 116.6% over the past 5 years.
Debt Coverage: EQIX *'s debt is well covered by operating cash flow (23%).
Interest Coverage: EQIX *'s interest payments on its debt are well covered by EBIT (3.6x coverage).