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Shopify Cash-to-Debt

: 7.00 (As of Dec. 2020)
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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. Shopify's cash to debt ratio for the quarter that ended in Dec. 2020 was 7.00.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Shopify could pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

NYSE:SHOP' s Cash-to-Debt Range Over the Past 10 Years
Min: 7   Med: 22.48   Max: 171.87
Current: 7

7
171.87

During the past 9 years, Shopify's highest Cash to Debt Ratio was 171.87. The lowest was 7.00. And the median was 22.48.

NYSE:SHOP's Cash-to-Debt is ranked higher than
63% of the 2307 Companies
in the Software industry.

( Industry Median: 2.41 vs. NYSE:SHOP: 7.00 )

Shopify Cash-to-Debt Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Shopify Annual Data
Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.15 57.01 79.21 16.18 7.00

Shopify Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.18 16.68 26.13 6.78 7.00

Competitive Comparison
* 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.


Shopify Cash-to-Debt Distribution

* The bar in red indicates where Shopify's Cash-to-Debt falls into.



Shopify Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Shopify's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 is calculated as:

Shopify's Cash to Debt Ratio for the quarter that ended in Dec. 2020 is calculated as:

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Shopify  (NYSE:SHOP) Cash-to-Debt Explanation

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.


Shopify Cash-to-Debt Related Terms


Shopify Cash-to-Debt Headlines

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