Shopify Balance Sheet Health
Financial Health criteria checks 5/6
Shopify has a total shareholder equity of $8.3B and total debt of $915.0M, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are $10.5B and $2.2B respectively.
Key information
11.0%
Debt to equity ratio
US$915.00m
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.92b |
| Equity | US$8.28b |
| Total liabilities | US$2.18b |
| Total assets | US$10.46b |
Recent financial health updates
Is Shopify (NYSE:SHOP) Using Debt In A Risky Way?
Dec 10
Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Sep 11Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Feb 24Is Shopify (NYSE:SHOP) Using Too Much Debt?
Jun 28Recent updates
Is Shopify (NYSE:SHOP) Using Debt In A Risky Way?
Dec 10Shopify As An Operating System For E-Commerce
Dec 03Shopify's Q3 Earnings Beat The Odds: Is The Stock Still Overpriced Or Worth Every Penny?
Nov 06Shopify: Financial Discipline Is Taking Hold
Oct 31Shopify: Riding High On Promising Future Growth
Oct 13Shopify: Bull Run Is Likely Over
Sep 27Shopify Will Weather Cyclical Headwinds With 3 Factors Reinforcing Its Strengthening Moat
Sep 12Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Sep 11Shopify Can Surprise With Better Growth Trajectory
Aug 31Estimating The Intrinsic Value Of Shopify Inc. (NYSE:SHOP)
Aug 21Shopify: Soaring Profits With A 2-Pronged Approach
Aug 19Make No Mistake, Shopify's AI Opportunities Are Massive (Rating Upgrade)
Aug 13Revolutionary Q2 2023 Results Cement Shopify's Ecommerce Dominance
Aug 04Shopify Stock Is A Speculative Buy Before Earnings
Jul 25Shopify: The Rally Went Too Far
Jul 13Shopify: Living On Past Glory
Jul 07Shopify Inc.'s (NYSE:SHOP) Earnings Haven't Escaped The Attention Of Investors
Jun 22Shopify: Downgrading On Amazon Risks
Jun 19Shopify: Many Concerns Remain
Jun 13Is Shopify Stock A Buy, Sell, Or Hold After Going Up Over 50% This Year?
Jun 07Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Feb 24Shopify's Powerful Expansion Beyond E-Commerce
Feb 22Shopify: Closing In On Amazon 1P
Feb 16Shopify Stock Q4 Earnings Preview: What To Watch For
Feb 10Shopify: Epic Recovery Possibly Ahead
Jan 31Shopify's Runway Ahead
Jan 23Shopify: Right Company At The Wrong Price
Jan 17Shopify Is Not Afraid To Take On Amazon
Jan 11Shopify: Industry Disruptor With 60%+ Margin Of Safety
Dec 28Shopify: Expansion Into Advertising Makes It A Buy
Dec 21Shopify: Time For A Pause - No Margin Of Safety Here
Dec 10Is Now The Time To Look At Buying Shopify Inc. (NYSE:SHOP)?
Nov 23Shopify Is Adjusting To A Challenging Landscape
Nov 02Shopify: Day Of Reckoning Is Way Past
Oct 26Shopify: Q3 Earnings Could Surprise The Bears
Oct 17Shopify: Down 80%, One Of My Largest Positions
Oct 02Shopify: The Central Operating System For Business
Sep 17Shopify hires new finance chief
Sep 08Shopify: Simplifying Logistics
Aug 28Shopify: Set For A Rebound
Aug 17Shopify Stock's Outlook: Is A Rebound Possible In The Rest Of 2022?
Aug 11Shopify Remains Insanely Overvalued
Aug 04Shopify down 12% on announcement of 10% layoff in global workforce
Jul 26Shopify Has A Lot To Offer As The Digital Infrastructure Of Ecommerce
Jul 19Is There Now An Opportunity In Shopify Inc. (NYSE:SHOP)?
Jul 15What Is Shopify Stock's Future Outlook After 10-For-1 Stock Split?
Jul 07Why Shopify's (NYSE:SHOP) Fundamentals are Riskier than it may Seem
Jun 30Shopify: Increased Freelancing Could Provide Protection
Jun 29Is Shopify (NYSE:SHOP) Using Too Much Debt?
Jun 28It's Time To Pound The Table On Shopify
Jun 23Shopify: I'm Buying The Dip, Again, Here Is Why
Jun 14Returns At Shopify (NYSE:SHOP) Are On The Way Up
Jun 13Shopify: A Controversial Stock Split
Jun 063 Reasons To Buy Shopify Before Their Upcoming Stock Split
May 31Is Shopify Inc. (NYSE:SHOP) Trading At A 21% Discount?
May 30Shopify: Near-Term Bottom - But Avoid Adding Here
May 17Shopify Stock Hit By Plethora Of Headwinds In Q1
May 10Financial Position Analysis
Short Term Liabilities: SHOP's short term assets ($6.2B) exceed its short term liabilities ($852.0M).
Long Term Liabilities: SHOP's short term assets ($6.2B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: SHOP has more cash than its total debt.
Reducing Debt: SHOP's debt to equity ratio has increased from 0% to 11% 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 SHOP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SHOP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.9% per year.