Cloudflare Balance Sheet Health
Financial Health criteria checks 5/6
Cloudflare has a total shareholder equity of $1.4B and total debt of $1.3B, which brings its debt-to-equity ratio to 90.4%. Its total assets and total liabilities are $3.7B and $2.3B respectively.
Key information
90.35%
Debt to equity ratio
US$1.29b
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.91b |
| Equity | US$1.43b |
| Total liabilities | US$2.30b |
| Total assets | US$3.72b |
Recent financial health updates
Recent updates
Why Cloudflare Could Be The Best Pure-Play On Edge Compute
Jun 30Investors Appear Satisfied With Cloudflare, Inc.'s (NYSE:NET) Prospects As Shares Rocket 28%
May 04
Why Cloudflare's 31% Pullback Is A Golden Buying Opportunity In AI And Edge Computing
Apr 28Cloudflare: Valuations Have Really Flared Up
Mar 25The Price Is Right For Cloudflare, Inc. (NYSE:NET) Even After Diving 32%
Mar 18Cloudflare: Balancing High Growth And Profitability
Mar 03Cloudflare Q4: AI Agents & Inference Driving Up Enterprise Momentum (Downgrade)
Feb 13Cloudflare Q4 Earnings: Sell The Stock When Momentum Stops
Feb 07Cloudflare, Inc.'s (NYSE:NET) P/S Is Still On The Mark Following 27% Share Price Bounce
Jan 29Cloudflare: Early Signs Of Reacceleration
Jan 14Is Cloudflare, Inc. (NYSE:NET) Expensive For A Reason? A Look At Its Intrinsic Value
Dec 23Cloudflare: This High-Growth Investment Carries One Big Risk
Dec 14Cloudflare Shows That It Is '2021' All Over Again
Dec 03Is Cloudflare (NYSE:NET) Using Debt Sensibly?
Nov 26Cloudflare: Not Good Enough
Nov 12With Cloudflare, Inc. (NYSE:NET) It Looks Like You'll Get What You Pay For
Nov 09Cloudflare's Secure Network Can Be Its Golden Ticket For Growth (Earnings Preview)
Nov 06When Should You Buy Cloudflare, Inc. (NYSE:NET)?
Oct 10Cloudflare Is About To Run (Technical Analysis)
Oct 07Cloudflare's Sales Productivity Growth Is Helping It Win $100K+ ARR Deals Faster
Sep 02Calculating The Intrinsic Value Of Cloudflare, Inc. (NYSE:NET)
Aug 26Cloudflare, Inc.'s (NYSE:NET) P/S Is On The Mark
Aug 08Cloudflare Earnings: 83x Operating Profits, Valuation In The Cloud
Aug 02Cloudflare: Pricey But Worth The Cloudy Forecast
Jul 03Financial Position Analysis
Short Term Liabilities: NET's short term assets ($2.6B) exceed its short term liabilities ($821.0M).
Long Term Liabilities: NET's short term assets ($2.6B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: NET has more cash than its total debt.
Reducing Debt: NET's debt to equity ratio has increased from 0% to 90.4% 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 NET has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NET is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 53.2% per year.
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/14 14:26 |
| End of Day Share Price | 2025/07/11 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| 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
Cloudflare, Inc. is covered by 54 analysts. 34 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 |
| Andrew DeGasperi | BNP Paribas Exane |