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

View and export this data going back to 2015. Start your Free Trial

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
65.48% of 2216 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.

* Premium members only.

Shopify Debt-to-Equity Chart

Shopify Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

Get a 7-Day Free Trial

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.

Save Embed

;

Save Embed

;

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.