Equinix Balance Sheet Health
Financial Health criteria checks 3/6
Equinix has a total shareholder equity of $13.6B and total debt of $15.3B, which brings its debt-to-equity ratio to 112.2%. Its total assets and total liabilities are $35.4B and $21.8B respectively. Equinix's EBIT is $1.4B making its interest coverage ratio 4.4. It has cash and short-term investments of $2.8B.
Key information
112.2%
Debt to equity ratio
US$15.28b
Debt
| Interest coverage ratio | 4.4x |
| Cash | US$2.78b |
| Equity | US$13.61b |
| Total liabilities | US$21.83b |
| Total assets | US$35.44b |
Recent financial health updates
No updates
Recent updates
Equinix: Selling Shovels In A Gold Rush
Oct 28Equinix: Buy This Golden Apple On The Data Center Tree
Oct 11Equinix Q2 Results: Solid Earnings But Valuation And Risks Loom Large
Aug 14Equinix: An Absolute Beast, But Not A Bargain
Jul 29Equinix: A Beaten Down Blue Chip Now In Bargain Territory
Jun 16Equinix Affirms Financial Reporting Accuracy After Independent Review
May 10Equinix: A Buy After Questioning Hindenburg's Allegations
May 02Equinix: 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 26Financial Position Analysis
Short Term Liabilities: EQIX's short term assets ($4.6B) exceed its short term liabilities ($4.4B).
Long Term Liabilities: EQIX's short term assets ($4.6B) do not cover its long term liabilities ($17.5B).
Debt to Equity History and Analysis
Debt Level: EQIX's net debt to equity ratio (91.8%) is considered high.
Reducing Debt: EQIX's debt to equity ratio has increased from 107.5% to 112.2% over the past 5 years.
Debt Coverage: EQIX's debt is well covered by operating cash flow (21.4%).
Interest Coverage: EQIX's interest payments on its debt are well covered by EBIT (4.4x coverage).