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
CashUS$4.90b
EquityUS$10.12b
Total liabilitiesUS$2.21b
Total assetsUS$12.33b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SHOP N's short term assets ($6.5B) exceed its short term liabilities ($921.0M).

Long Term Liabilities: SHOP N's short term assets ($6.5B) exceed its long term liabilities ($1.3B).


Debt to Equity History and Analysis

Debt Level: SHOP N has more cash than its total debt.

Reducing Debt: SHOP N's debt to equity ratio has increased from 0% to 9.1% over the past 5 years.

Debt Coverage: SHOP N's debt is well covered by operating cash flow (158%).

Interest Coverage: SHOP N earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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