Wix.com Balance Sheet Health
Financial Health criteria checks 2/6
Wix.com has a total shareholder equity of $-199.3M and total debt of $572.1M, which brings its debt-to-equity ratio to -287%. Its total assets and total liabilities are $1.7B and $1.9B respectively. Wix.com's EBIT is $66.6M making its interest coverage ratio -3.3. It has cash and short-term investments of $961.2M.
Key information
-287.0%
Debt to equity ratio
US$572.09m
Debt
| Interest coverage ratio | -3.3x |
| Cash | US$961.19m |
| Equity | -US$199.31m |
| Total liabilities | US$1.91b |
| Total assets | US$1.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WIX N has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: WIX N has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: WIX N has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: WIX N's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: WIX N's debt is well covered by operating cash flow (79.4%).
Interest Coverage: WIX N earns more interest than it pays, so coverage of interest payments is not a concern.