This company has been acquired
Switch Balance Sheet Health
Financial Health criteria checks 2/6
Key information
183.5%
Debt to equity ratio
US$1.90b
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$41.25m |
| Equity | US$1.03b |
| Total liabilities | US$2.27b |
| Total assets | US$3.30b |
Recent financial health updates
No updates
Recent updates
Switch declares goes ex-dividend tomorrow
Aug 18Switch: Likely To Be Acquired But Not By Digital Realty Or Equinix
Apr 16Switch: This Small Data Center Company Doesn't Look That Special
Jan 27Switch Has Superior Data Center Growth
Dec 14Switch to raise $430M to fund the acquisition of Data Foundry
Jun 01Switch EPS beats by $0.02, beats on revenue
May 10Switch shares up on acquiring Data Foundry for $420M and preliminary Q1 results
May 03Switch +4.3% as Jefferies boosts to Buy on valuation
Jan 13Switch goes ex-dividend on Monday
Nov 13Switch: How Much Longer Will Investors Deal With Disappointment?
Nov 06Financial Position Analysis
Short Term Liabilities: SWCH's short term assets ($96.9M) do not cover its short term liabilities ($261.6M).
Long Term Liabilities: SWCH's short term assets ($96.9M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: SWCH's net debt to equity ratio (179.5%) is considered high.
Reducing Debt: SWCH's debt to equity ratio has reduced from 488.9% to 183.5% over the past 5 years.
Debt Coverage: SWCH's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: SWCH's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/12/06 22:48 |
| End of Day Share Price | 2022/12/05 00:00 |
| Earnings | 2022/09/30 |
| Annual Earnings | 2021/12/31 |
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
Switch, Inc. is covered by 19 analysts. 10 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 |
|---|---|
| Timothy Long | Barclays |
| Brendan Lynch | Barclays |
| Nathan Crossett | Berenberg |