Shopify Inc

NYSE SHOP

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Shopify Inc Cash Interest Coverage Ratio 3 year CAGR for the year ending December 31, 2022

Shopify Inc Cash Interest Coverage Ratio 3 year CAGR is NA for the year ending December 31, 2022. The cash interest coverage ratio measures a company's ability to cover its interest expenses with its operating cash flow. It is calculated by dividing operating cash flow by interest expense. This ratio indicates the company's capacity to generate sufficient cash flow to meet its interest obligations. A higher ratio signifies better coverage and financial stability. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Shopify Inc Cash Interest Coverage Ratio for the year ending December 31, 2022 was -118.65, a -127.05% change year over year.
  • Shopify Inc Cash Interest Coverage Ratio for the year ending December 31, 2021 was 438.63, a 785.09% change year over year.
  • Shopify Inc Cash Interest Coverage Ratio for the year ending December 31, 2020 was 49.56, a 3,081.41% change year over year.
  • Shopify Inc Cash Interest Coverage Ratio for the year ending December 31, 2019 was 1.56.
NYSE: SHOP

Shopify Inc

CEO Mr. Tobias Lütke
IPO Date May 21, 2015
Location Canada
Headquarters 151 O'Connor Street, Ottawa, ON, Canada, K2P 2L8
Employees 8,300
Sector Technology
Industry Software - application
Description

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

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StockViz Staff

September 20, 2024

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