ServiceNow Balance Sheet Health
Financial Health criteria checks 6/6
ServiceNow has a total shareholder equity of $8.7B and total debt of $1.5B, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are $18.2B and $9.5B respectively. ServiceNow's EBIT is $1.1B making its interest coverage ratio -3.1. It has cash and short-term investments of $5.4B.
Key information
17.2%
Debt to equity ratio
US$1.49b
Debt
| Interest coverage ratio | -3.1x |
| Cash | US$5.41b |
| Equity | US$8.67b |
| Total liabilities | US$9.54b |
| Total assets | US$18.21b |
Recent financial health updates
ServiceNow (NYSE:NOW) Could Easily Take On More Debt
Sep 04
ServiceNow (NYSE:NOW) Has A Rock Solid Balance Sheet
Mar 30Is ServiceNow (NYSE:NOW) A Risky Investment?
Oct 08Is ServiceNow (NYSE:NOW) Using Too Much Debt?
Jun 20Recent updates
ServiceNow (NYSE:NOW) Could Easily Take On More Debt
Sep 04ServiceNow: GenAI Business Doubles QoQ, Bolstering Growth Prospects
Aug 26Results: ServiceNow, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Jul 27ServiceNow Q2 Earnings: Even Now It Makes Sense To Buy, On Its Path To Megacap
Jul 25ServiceNow's Integrated Business Model Is A Moat
Jul 09ServiceNow, Inc.'s (NYSE:NOW) Price In Tune With Revenues
Jul 04ServiceNow: Winning The AI Opportunity, Dodging Deal Scrutiny
Jun 30Returns At ServiceNow (NYSE:NOW) Are On The Way Up
Jun 23Calculating The Fair Value Of ServiceNow, Inc. (NYSE:NOW)
Jun 12Should You Think About Buying ServiceNow, Inc. (NYSE:NOW) Now?
Jun 01Uncovering The Value Proposition Of ServiceNow: A Compelling Case For Investment
May 30ServiceNow: Results Aren't Impressive Enough To Justify Valuation (Rating Downgrade)
May 23ServiceNow Is A Generative AI Winner And Compounder
May 13ServiceNow, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Apr 26ServiceNow Q1 Earnings Preview: Solid Fundamentals, But Stock Is Likely Capped
Apr 22ServiceNow: One Of Our Top Picks For The Coming Decade
Apr 13ServiceNow (NYSE:NOW) Has A Rock Solid Balance Sheet
Mar 30ServiceNow: Leading In Enterprise AI, But Watch The Premium Valuation
Mar 20What You Can Learn From ServiceNow, Inc.'s (NYSE:NOW) P/S
Mar 18ServiceNow, Inc.'s (NYSE:NOW) Intrinsic Value Is Potentially 29% Above Its Share Price
Mar 06ServiceNow: Successfully Absorbing Global Digital Transformation
Mar 06What Is ServiceNow, Inc.'s (NYSE:NOW) Share Price Doing?
Feb 23ServiceNow: The Case For More Upside Even From Here
Feb 02Shareholders Can Be Confident That ServiceNow's (NYSE:NOW) Earnings Are High Quality
Feb 01Results: ServiceNow, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Jan 27ServiceNow Q4 Review: Solid Report, But Valuation Is Out Of Step With Reality
Jan 24ServiceNow (NYSE:NOW) Is Doing The Right Things To Multiply Its Share Price
Jan 11ServiceNow: Commercially Interesting, But Dangerous Pitch At 15x EV/Sales
Dec 31ServiceNow, Inc.'s (NYSE:NOW) P/S Is On The Mark
Dec 18ServiceNow: This Is A True One Of A Kind
Nov 28Is Now The Time To Put ServiceNow (NYSE:NOW) On Your Watchlist?
Nov 20Why ServiceNow, Inc. (NYSE:NOW) Could Be Worth Watching
Oct 23ServiceNow: Stellar Revenue Growth And Profitability Expansion
Oct 23Is ServiceNow (NYSE:NOW) A Risky Investment?
Oct 08Calculating The Fair Value Of ServiceNow, Inc. (NYSE:NOW)
Sep 26ServiceNow: Positioned To Thrive In Digital Transformation
Sep 18We Like These Underlying Return On Capital Trends At ServiceNow (NYSE:NOW)
Aug 30ServiceNow: Generative AI Pick With 20% Revenue Growth And 30% FCF Margins
Aug 18Do ServiceNow's (NYSE:NOW) Earnings Warrant Your Attention?
Aug 17Is It Time To Consider Buying ServiceNow, Inc. (NYSE:NOW)?
Jul 24ServiceNow: AI Hype Has Powered The Stock This Year
Jul 19Is ServiceNow (NYSE:NOW) Using Too Much Debt?
Jun 20ServiceNow: Stock Is Fairly Valued
Jun 18Financial Position Analysis
Short Term Liabilities: NOW's short term assets ($8.0B) exceed its short term liabilities ($7.2B).
Long Term Liabilities: NOW's short term assets ($8.0B) exceed its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: NOW has more cash than its total debt.
Reducing Debt: NOW's debt to equity ratio has reduced from 53.8% to 17.2% over the past 5 years.
Debt Coverage: NOW's debt is well covered by operating cash flow (260.6%).
Interest Coverage: NOW earns more interest than it pays, so coverage of interest payments is not a concern.