Equinix (WBO:EQIX) Debt-to-Equity : 1.40 (As of Dec. 2023)

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What is Equinix Debt-to-Equity?

Equinix's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,170 Mil. Equinix's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €14,837 Mil. Equinix's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €11,452 Mil. Equinix's debt to equity for the quarter that ended in Dec. 2023 was 1.40.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Equinix's Debt-to-Equity or its related term are showing as below:

WBO:EQIX' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.31 Med: 1.49 Max: 2.38
Current: 1.4

During the past 13 years, the highest Debt-to-Equity Ratio of Equinix was 2.38. The lowest was 1.31. And the median was 1.49.

WBO:EQIX's Debt-to-Equity is ranked worse than
80.77% of 671 companies
in the REITs industry
Industry Median: 0.78 vs WBO:EQIX: 1.40

Equinix Debt-to-Equity Historical Data

The historical data trend for Equinix's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Equinix Debt-to-Equity Chart

Equinix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.50

1.31

1.38

1.43

1.40

Equinix Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.43	1.41	1.43	1.46	1.40

Competitive Comparison of Equinix's Debt-to-Equity

For the REIT - Specialty subindustry, Equinix's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Equinix's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Equinix's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Equinix's Debt-to-Equity falls into.

Equinix Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Equinix's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1169.805	+	14836.534)	/	11452.316
	=	1.40

Equinix's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1169.805	+	14836.534)	/	11452.316
	=	1.40

Equinix (WBO:EQIX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Equinix Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Equinix's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Equinix (WBO:EQIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equinix Inc (WBO:EQIX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EQIX:USA EQN2:Germany EQIX34:Brazil

Address

One Lagoon Drive, Redwood City, CA, USA, 94065

Website

https://www.equinix.com

Equinix operates 248 data centers in 71 markets worldwide. It generates 46% of total revenue in the Americas, 32% in Europe, the Middle East, and Africa, and 22% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.