Shopify Inc

NYSE SHOP

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Shopify Inc Liabilities to Equity Ratio 1 year YoY Change (%) for the quarter ending March 31, 2024: -15.83%

Shopify Inc Liabilities to Equity Ratio 1 year YoY Change (%) is -15.83% for the quarter ending March 31, 2024, a -137.76% change year over year. The liabilities to equity ratio, also known as the leverage ratio, measures the proportion of a company's total liabilities to its shareholders' equity. It is calculated by dividing the total liabilities by the shareholders' equity. This ratio provides insights into the extent to which a company relies on debt financing compared to equity financing. A higher ratio indicates higher financial leverage, which can amplify both returns and risks for the company's shareholders. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
  • Shopify Inc Liabilities to Equity Ratio for the quarter ending March 31, 2023 was 0.30, a 41.92% change year over year.
  • Shopify Inc Liabilities to Equity Ratio for the quarter ending March 31, 2022 was 0.21, a 13.46% change year over year.
  • Shopify Inc Liabilities to Equity Ratio for the quarter ending March 31, 2021 was 0.18, a 30.17% change year over year.
  • Shopify Inc Liabilities to Equity Ratio for the quarter ending March 31, 2020 was 0.14, a 9.50% change year over year.
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 19, 2024

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