Equinix's Debt Overview
Portfolio Pulse from Benzinga Insights
Equinix Inc.'s shares have increased by 5.93% in the past three months. The company's total debt stands at $15.63 billion, with $15.47 billion in long-term debt and $165.32 million in current debt. After adjusting for $2.64 billion in cash-equivalents, the net debt is $12.99 billion. Equinix has $31.27 billion in total assets, making the debt-ratio 0.5. Debt is an important factor in a company's capital structure and contributes to its growth.
June 27, 2023 | 5:31 pm
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Equinix's total debt is $15.63 billion, with a net debt of $12.99 billion. The company's debt-ratio is 0.5, indicating a balanced debt structure. This could have contributed to the recent increase in the company's share price.
Equinix's balanced debt structure, indicated by a debt-ratio of 0.5, suggests that the company has a healthy mix of debt and equity. This could be a positive signal to investors, contributing to the recent increase in the company's share price. However, the company's high total debt of $15.63 billion could be a concern if interest rates were to increase.
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