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 |
| Cash | US$5.02b |
| Equity | US$9.17b |
| Total liabilities | US$2.17b |
| Total assets | US$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.