Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
EquinixEQIX -2.98%92 Cash-to-Debt is 0.10 as of Jun. 2026, which is 23% below its 10-year median of 0.13. GuruFocus rates EQIX with a GF Score™ of 92/100 and a GF Value™ of $943.33 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 851 REITs companies, Equinix ranks better than 54.99% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Equinix's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.10.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Equinixcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Equinix's Cash-to-Debt or its related term are showing as below:
EQIX'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.13 Max: 0.54
Current: 0.1
During the past 13 years, Equinix's highest Cash to Debt Ratio was 0.54. The lowest was 0.05. And the median was 0.13.
EQIX's Cash-to-Debt is ranked better than 54.99% of 851
companies
in the REITs industry
Industry Median: 0.09
vs EQIX: 0.10
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Equinix Cash-to-Debt Related Terms
Equinix Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Equinix's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the REIT - Specialty subindustry, Equinix's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt vs REITs Industry
For the REITs industry and Real Estate sector, Equinix's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Equinix's Cash-to-Debt falls into.
* 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.
Equinix (EQIX) has a Cash-to-Debt of 0.10 as of Jun. 2026. This is 23% below median its historical median of 0.13. Over the past decade, Equinix's Cash-to-Debt has ranged from 0.05 to 0.54. According to the industry distribution chart, Equinix ranks #383 out of 851 companies in the REITs industry, placing it in the top 45%.
Is Equinix's Cash-to-Debt too high?
Equinix's current Cash-to-Debt of 0.10 is 23% below median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.54. The REITs industry median Cash-to-Debt is 0.09. Equinix's value of 0.10 is 11.1% above this industry median. Based on the distribution chart, Equinix ranks #383 out of 851 companies in the REITs industry, which is above the industry midpoint. Overall, Equinix has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equinix's Cash-to-Debt compare to AMT and DLR?
According to the REITs industry distribution chart, Equinix ranks #383 out of 851 companies for Cash-to-Debt. This puts Equinix in the upper half of its industry. The industry median Cash-to-Debt is 0.09. Equinix's value of 0.10 is 11.1% above this benchmark. Historically, Equinix's own Cash-to-Debt has ranged from 0.05 to 0.54 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 0.09, Equinix has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a REITs company?
The median Cash-to-Debt among REITs companies is 0.09, based on 851 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Equinix's current Cash-to-Debt of 0.10 is 11.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median Cash-to-Debt is 0.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equinix's current Cash-to-Debt is 0.10, which is 23% below median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinix stock overvalued right now?
Based on GuruFocus' analysis, Equinix (EQIX) is currently considered Modestly Overvalued. The stock's GF Value™ is $943.33, compared to a current price of $1,044.41 — trading 10.7% above its estimated fair value. The current Cash-to-Debt is 0.10, which is 23% below median its 10-year median of 0.13 and 11.1% above the REITs industry median of 0.09. Equinix's overall GF Score™ is 92/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Equinix (EQIX), the current Cash-to-Debt is 0.10 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Equinix (EQIX) Overvalued in 2026?
Based on GuruFocus' analysis, Equinix stock appears to be overvalued.
The current stock price of $1,044.41 is trading 10.7% above its estimated GF Value™ of $943.33.
GuruFocus considers Equinix to be Modestly Overvalued.
Key valuation signals for EQIX:
Cash-to-Debt: 0.10 (23% below median its 10-year median of 0.13)
GF Value™: $943.33 vs. price of $1,044.41 (10.7% above fair value)
Industry Position: 11.1% above the REITs median (#383 of 851)
No single metric tells the full story. See the EQIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equinix is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and businesses. Equinix operates 270 properties in 77 metropolitan areas across 36 countries, serving over 10,000 customers. About 70% of Equinix's revenue comes from renting physical space, which allows hyperscalers and other clients to store servers, data storage, and networking equipment. The other 30% of revenue is generated primarily through interconnection services (20%) and other managed services (10%).
92GF Score
Get the complete analysis for EQIX
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
EQIX has been successfully added to your 
