Shopify Inc

NYSE SHOP

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Shopify Inc Long-Term Debt to Total Assets Ratio 3 year CAGR for the quarter ending March 31, 2024: -0.62%

Shopify Inc Long-Term Debt to Total Assets Ratio 3 year CAGR is -0.62% for the quarter ending March 31, 2024. The long-term debt to total assets ratio measures the proportion of a company's long-term debt to its total assets. It is calculated by dividing the long-term debt by the total assets. This ratio indicates the extent to which a company's assets are financed by long-term debt. A higher ratio suggests a higher level of long-term debt relative to total assets, which can indicate increased financial risk and affect the company's ability to generate returns for its shareholders. 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 Long-Term Debt to Total Assets Ratio for the quarter ending March 31, 2023 was 0.08, a 8.23% change year over year.
  • Shopify Inc Long-Term Debt to Total Assets Ratio for the quarter ending March 31, 2022 was 0.08, a -8.29% change year over year.
  • Shopify Inc Long-Term Debt to Total Assets Ratio for the quarter ending March 31, 2021 was 0.08.
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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