Shopify Balance Sheet Health

Financial Health criteria checks 5/6

Shopify has a total shareholder equity of $9.2B and total debt of $917.0M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are $11.3B and $2.2B respectively. Shopify's EBIT is $948.0M making its interest coverage ratio -3.3. It has cash and short-term investments of $5.0B.

Key information

10.0%

Debt to equity ratio

US$917.00m

Debt

Interest coverage ratio-3.3x
CashUS$5.02b
EquityUS$9.17b
Total liabilitiesUS$2.17b
Total assetsUS$11.35b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: SHOP N's short term assets ($6.4B) exceed its short term liabilities ($874.0M).

Long Term Liabilities: SHOP N's short term assets ($6.4B) 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 10% over the past 5 years.

Debt Coverage: SHOP N's debt is well covered by operating cash flow (142.2%).

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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