Equinix Balance Sheet Health
Financial Health criteria checks 4/6
Equinix has a total shareholder equity of $12.5B and total debt of $13.7B, which brings its debt-to-equity ratio to 109.7%. Its total assets and total liabilities are $32.7B and $20.1B respectively. Equinix's EBIT is $1.0B making its interest coverage ratio 3.4. It has cash and short-term investments of $2.1B.
Key information
109.7%
Debt to equity ratio
US$13.73b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$2.10b |
| Equity | US$12.51b |
| Total liabilities | US$20.14b |
| Total assets | US$32.65b |
Recent financial health updates
No updates
Recent updates
Equinix: The Backbone Of The Internet In An AI-Powered World
Mar 23Equinix: Stop Renting And Buy Your Own House
Mar 15If EPS Growth Is Important To You, Equinix (NASDAQ:EQIX) Presents An Opportunity
Feb 21
If EPS Growth Is Important To You, Equinix (NASDAQ:EQIX) Presents An Opportunity
Nov 16Equinix plans ~$74M IBX center in Jakarta
Oct 06Equinix joins NUS CERT to study hydrogen energy for data centers
Sep 21Equinix: Home Of The Hybrid Multicloud But Uncertainties Remain
Sep 02Is Now The Time To Put Equinix (NASDAQ:EQIX) On Your Watchlist?
Jul 29Equinix declares $3.10 dividend
Jul 276 Myths Wrecked: Strong Buy Equinix
Jul 21Equinix Climbs After A 30% Drawdown, More Gains Might Be On The Way
Jun 26Equinix Has Major Moats, But Not Very Compelling Valuation
Apr 12Why We Bought The Plunge In Equinix
Jan 29Equinix: The Previous Bullish Case Still Applies
Nov 07Financial Position Analysis
Short Term Liabilities: EQIX's short term assets ($3.6B) exceed its short term liabilities ($3.2B).
Long Term Liabilities: EQIX's short term assets ($3.6B) do not cover its long term liabilities ($17.0B).
Debt to Equity History and Analysis
Debt Level: EQIX's net debt to equity ratio (93%) is considered high.
Reducing Debt: EQIX's debt to equity ratio has reduced from 135.9% to 109.7% over the past 5 years.
Debt Coverage: EQIX's debt is well covered by operating cash flow (23.4%).
Interest Coverage: EQIX's interest payments on its debt are well covered by EBIT (3.4x coverage).