Shopify Balance Sheet Health
Financial Health criteria checks 5/6
Shopify has a total shareholder equity of $9.2B and total debt of $917.0M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are $11.3B and $2.2B respectively. Shopify's EBIT is $948.0M making its interest coverage ratio -3.3. It has cash and short-term investments of $5.0B.
Key information
10.0%
Debt to equity ratio
US$917.00m
Debt
| Interest coverage ratio | -3.3x |
| Cash | US$5.02b |
| Equity | US$9.17b |
| Total liabilities | US$2.17b |
| Total assets | US$11.35b |
Recent financial health updates
Shopify (NYSE:SHOP) Has A Rock Solid Balance Sheet
May 03
Is Shopify (NYSE:SHOP) Using Debt In A Risky Way?
Dec 10Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Sep 11Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Feb 24Recent updates
Shopify: Optimistic Guidance Drives A Sharp Rise In Stock Price
Sep 13Shopify Continues Increasing Operating Income
Sep 06Why Investors Shouldn't Be Surprised By Shopify Inc.'s (NYSE:SHOP) 36% Share Price Surge
Sep 01Shopify's Unseen Advantage: Strong Earnings In A Weak Consumer Environment
Aug 22Shopify (NYSE:SHOP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Aug 20Shopify: Strong Returns Still Ahead, Buy Before It's Too Late
Aug 16Shopify: Solid Value For Growth Investors
Aug 09Shopify Q2 Earnings Preview: Don't Ignore The Enterprise Customer Tailwind
Jul 29Shopify: The Market Leader Deserves A Premium
Jul 19Revenues Tell The Story For Shopify Inc. (NYSE:SHOP)
Jul 16We Like These Underlying Return On Capital Trends At Shopify (NYSE:SHOP)
Jun 28Buy Shopify Before The Rebound (Technical Analysis)
Jun 24Shopify: Beyond The Short-Term Noise, A Long-Term Growth Story, Buy
Jun 06Shopify: The Powerhouse Of Next-Generation Commerce
May 20Shopify: Multiple Compression Should Matter In Coming Years
May 06Shopify (NYSE:SHOP) Has A Rock Solid Balance Sheet
May 03Shopify Direct Sales Should Win As Amazon Shifts Toward 'Pay To Play' Model
Apr 29The Price Is Right For Shopify Inc. (NYSE:SHOP)
Apr 02Shopify: Aggressive Expansion Path
Mar 25Is Shopify Inc. (NYSE:SHOP) Expensive For A Reason? A Look At Its Intrinsic Value
Mar 18Shopify: Way Too Cheap For What's Coming
Mar 17Shopify (NYSE:SHOP) Is Looking To Continue Growing Its Returns On Capital
Mar 03Shopify: Disappointing Free Cash Flow Guidance, An Opportunity For Growth Investors
Feb 23Shopify Is Succeeding With Their Merchants
Feb 16Shopify: A Sanity Check Is Overdue (Rating Downgrade)
Feb 07Shopify: Strength Through Partnerships
Feb 01Shopify: It's Just Math, Decade Of Underperformance Ahead
Jan 18The 'New' Shopify Is Here
Jan 09Shopify: 3 Reasons To Buy In 2024
Jan 03What You Can Learn From Shopify Inc.'s (NYSE:SHOP) P/S
Dec 31Shopify Is A Special Company
Dec 11Is 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 22Financial Position Analysis
Short Term Liabilities: SHOP's short term assets ($6.4B) exceed its short term liabilities ($874.0M).
Long Term Liabilities: SHOP's short term assets ($6.4B) 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 10% over the past 5 years.
Debt Coverage: SHOP's debt is well covered by operating cash flow (142.2%).
Interest Coverage: SHOP earns more interest than it pays, so coverage of interest payments is not a concern.