Elastic Balance Sheet Health
Financial Health criteria checks 5/6
Elastic has a total shareholder equity of $927.2M and total debt of $569.7M, which brings its debt-to-equity ratio to 61.4%. Its total assets and total liabilities are $2.6B and $1.7B respectively.
Key information
61.44%
Debt to equity ratio
US$569.73m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.40b |
| Equity | US$927.23m |
| Total liabilities | US$1.67b |
| Total assets | US$2.59b |
Recent financial health updates
Elastic (NYSE:ESTC) Has Debt But No Earnings; Should You Worry?
Jun 02
Is Elastic (NYSE:ESTC) Using Too Much Debt?
Jan 19Recent updates
Elastic: Keys Growth Drivers Are Playing Out As Expected
Jun 03Elastic (NYSE:ESTC) Has Debt But No Earnings; Should You Worry?
Jun 02Elastic N.V.'s (NYSE:ESTC) Share Price Not Quite Adding Up
Mar 24Elastic: Rolling Up And Forward
Feb 26Elastic: Great Buying Opportunity After A Year Of Consolidation (Rating Upgrade)
Jan 29
Investment In GenAI And Sales Expansion Will Strengthen Future Market Share
Strategic focus on generative AI and platform consolidation is enhancing market position and driving future revenue growth.Is Elastic (NYSE:ESTC) Using Too Much Debt?
Jan 19Elastic: Staying On The Sidelines For Now
Jan 04Elastic N.V. (NYSE:ESTC) Shares Could Be 33% Below Their Intrinsic Value Estimate
Dec 29Elastic: Caution Is Warranted
Dec 11Shareholders Will Be Pleased With The Quality of Elastic's (NYSE:ESTC) Earnings
Dec 07Is Now An Opportune Moment To Examine Elastic N.V. (NYSE:ESTC)?
Nov 25Elastic Q2 Earnings: A Bullish Case For Growth And Profitability
Nov 22Elastic N.V.'s (NYSE:ESTC) Shareholders Might Be Looking For Exit
Nov 04Elastic: This Is A Dip Worth Buying (Rating Upgrade)
Oct 19Elastic: Long-Term Opportunity And An Enhanced Strategy For Extra Income
Sep 25Are Investors Undervaluing Elastic N.V. (NYSE:ESTC) By 35%?
Sep 22Elastic: Is That Elusive Growth Inflection Within View?
Sep 18Elastic Q1 Earnings: Stretched To Breaking (Rating Downgrade)
Aug 30What Does Elastic N.V.'s (NYSE:ESTC) Share Price Indicate?
Aug 10Elastic N.V. (NYSE:ESTC) Not Lagging Industry On Growth Or Pricing
Jul 19Elastic: Impressive Acceleration, But Strength Is Already Priced In
Jul 06We Think Elastic's (NYSE:ESTC) Robust Earnings Are Conservative
Jun 07Elastic: Generative AI Opportunity Awaits
Jun 03Elastic: Chasing The Narrative
Apr 01Elastic: GenAI Tailwinds Will Take Awhile To Manifest; Valuation Is Already Full
Mar 04Elastic: Expectations And Competition Intensify Before Earnings
Feb 23Financial Position Analysis
Short Term Liabilities: ESTC's short term assets ($1.9B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: ESTC's short term assets ($1.9B) exceed its long term liabilities ($657.4M).
Debt to Equity History and Analysis
Debt Level: ESTC has more cash than its total debt.
Reducing Debt: ESTC's debt to equity ratio has increased from 0% to 61.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ESTC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ESTC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 66.5% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/06 05:20 |
| End of Day Share Price | 2025/06/06 00:00 |
| Earnings | 2025/04/30 |
| Annual Earnings | 2025/04/30 |
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.
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 Github.
Analyst Sources
Elastic N.V. is covered by 33 analysts. 25 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 |
|---|---|
| Shrenik Kothari | Baird |
| Ishan Majumdar | Baptista Research |
| Raimo Lenschow | Barclays |