Snowflake (XSWX:SNOW) Debt-to-Equity: 1.43 (As of Apr. 2026) — 2760% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

XSWX:SNOW Snowflake Inc XSWX:SNOW
56 GF Score
Price CHF219.20
GF Value CHF222.58
Valuation Fairly Valued
! 4 Warning Signs
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What is Snowflake Debt-to-Equity?

Snowflake XSWX:SNOW +0.11% 56 Debt-to-Equity is 1.43 as of Apr. 2026, which is 2760% above its 10-year median of 0.05. GuruFocus rates XSWX:SNOW with a GF Score™ of 56/100 and a GF Value™ of CHF222.58 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,244 Software companies, Snowflake ranks worse than 90.78% on this metric.

Snowflake's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was CHF44 Mil. Snowflake's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was CHF2,139 Mil. Snowflake's Total Stockholders Equity for the quarter that ended in Apr. 2026 was CHF1,528 Mil. Snowflake's debt to equity for the quarter that ended in Apr. 2026 was 1.43.

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

XSWX:SNOW' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.39   Med: 0.05   Max: 1.43
Current: 1.43

During the past 8 years, the highest Debt-to-Equity Ratio of Snowflake was 1.43. The lowest was -0.39. And the median was 0.05.

XSWX:SNOW's Debt-to-Equity is ranked worse than
90.78% of 2244 companies
in the Software industry
Industry Median: 0.19 vs XSWX:SNOW: 1.43

Snowflake  (XSWX:SNOW) 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.


Snowflake Debt-to-Equity Related Terms


Snowflake Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Snowflake'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.

Snowflake Debt-to-Equity Chart

Snowflake Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Debt-to-Equity
Get a 7-Day Free Trial 0.04 0.05 0.06 0.90 1.43

Snowflake Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Debt-to-Equity Get a 7-Day Free Trial 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 1.12 1.14 1.26 1.43 1.43

XSWX:SNOW vs DDOG, ADP, ADBE: Debt-to-Equity Comparison

For the Software - Application subindustry, Snowflake'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.


Snowflake Debt-to-Equity vs Software Industry

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

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


XSWX:SNOW
56GF Score
Snowflake Inc XSWX:SNOW
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Snowflake Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Snowflake's Debt to Equity Ratio for the fiscal year that ended in Jan. 2026 is calculated as

Snowflake's Debt to Equity Ratio for the quarter that ended in Apr. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.43 mean?
Snowflake (XSWX:SNOW) has a Debt-to-Equity of 1.43 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Snowflake and its competitors. This is 2760% above median its historical median of 0.05. According to the industry distribution chart, Snowflake ranks #2037 out of 2244 companies in the Software industry, placing it in the top 90.8%.
Is Snowflake's Debt-to-Equity too high?
Snowflake's current Debt-to-Equity of 1.43 is 2760% above median its 10-year median of 0.05. The Software industry median Debt-to-Equity is 0.19. Snowflake's value of 1.43 is 652.6% above this industry median. Based on the distribution chart, Snowflake ranks #2037 out of 2244 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Snowflake has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Snowflake's Debt-to-Equity compare to DDOG and ADP?
According to the Software industry distribution chart, Snowflake ranks #2037 out of 2244 companies for Debt-to-Equity. This places Snowflake in the lower half of its industry. The industry median Debt-to-Equity is 0.19. Snowflake's value of 1.43 is 652.6% above this benchmark. While the company's 10-year median is 0.05 vs. the industry median of 0.19, Snowflake 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 Debt-to-Equity for a Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,244 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Snowflake's current Debt-to-Equity of 1.43 is 652.6% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Snowflake and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snowflake's current Debt-to-Equity is 1.43, which is 2760% above median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snowflake stock overvalued right now?
Based on GuruFocus' analysis, Snowflake (XSWX:SNOW) is currently considered Fairly Valued. The stock's GF Value™ is CHF222.58, compared to a current price of CHF219.20 — trading 1.5% below its estimated fair value. The current Debt-to-Equity is 1.43, which is 2760% above median its 10-year median of 0.05 and 652.6% above the Software industry median of 0.19. Snowflake's overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Snowflake (XSWX:SNOW), the current Debt-to-Equity is 1.43 as of Apr. 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 Snowflake (XSWX:SNOW) Overvalued in 2026?

Based on GuruFocus' analysis, Snowflake stock appears to be undervalued. The current stock price of CHF219.20 is trading 1.5% below its estimated GF Value™ of CHF222.58. GuruFocus considers Snowflake to be Fairly Valued.

Key valuation signals for XSWX:SNOW:

  • Debt-to-Equity: 1.43 (2760% above median its 10-year median of 0.05)
  • GF Value™: CHF222.58 vs. price of CHF219.20 (1.5% below fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 652.6% above the Software median (#2037 of 2244)

No single metric tells the full story. See the XSWX:SNOW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Snowflake Business Description

Address 135 Constitution Drive, Menlo Park, CA, USA, 94025
Founded in 2012, Snowflake is a fully managed platform that consolidates data hosted on different public clouds for centralized analytics and governance. Snowflake's cloud-native architecture allows users to independently scale the compute and storage layers, providing customers with optimized performance at lower costs. The company's data lake and data warehouse products support a variety of use cases, including business analytics, data engineering, and artificial intelligence. Snowflake is widely used by Fortune 2000 companies in financial services, media, and retail sectors.
56GF Score

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF219.20
Price
CHF222.58
GF Value