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 $1.1B making its interest coverage ratio 3.6. 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 | 3.6x |
| 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 15Equinix 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 02Equinix 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 (3.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 05:07 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Equinix, Inc. is covered by 72 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| null null | Argus Research Company |
| Christopher Watts | Atlantic Equities LLP |