SHOP (Shopify) Debt-to-Equity : 0.10 (As of Mar. 2025)

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What is Shopify Debt-to-Equity?

Shopify's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $938 Mil. Shopify's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $200 Mil. Shopify's Total Stockholders Equity for the quarter that ended in Mar. 2025 was $11,051 Mil. Shopify's debt to equity for the quarter that ended in Mar. 2025 was 0.10.

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 Shopify's Debt-to-Equity or its related term are showing as below:

SHOP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.17
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Shopify was 0.17. The lowest was 0.01. And the median was 0.07.

SHOP's Debt-to-Equity is ranked better than
65.51% of 2212 companies
in the Software industry
Industry Median: 0.205 vs SHOP: 0.10

Shopify Debt-to-Equity Historical Data

The historical data trend for Shopify'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.

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Shopify Debt-to-Equity Chart

Shopify Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.14

0.11

0.17

0.13

0.10

Shopify Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Equity	Get a 7-Day Free Trial															0.13	0.12	0.11	0.10	0.10

Competitive Comparison of Shopify's Debt-to-Equity

For the Software - Application subindustry, Shopify'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.

Shopify's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Shopify's Debt-to-Equity distribution charts can be found below:

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

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Shopify Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shopify's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 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
	=	(936	+	190)	/	11558
	=	0.10

Shopify's Debt to Equity Ratio for the quarter that ended in Mar. 2025 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
	=	(938	+	200)	/	11051
	=	0.10

Shopify (NAS:SHOP) 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.

Shopify Debt-to-Equity Related Terms

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

Shopify Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shopify Inc (NAS:SHOP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SHOP N:Mexico 0VHA:UK 307:Germany SHOP:Canada S2HO34:Brazil 307:Bulgaria

Address

151 O\'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P 2L8

Website

https://www.shopify.com

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.