Shopify Inc. (SHOP) Debt to Equity Ratio: 0.01
Is Shopify Inc.’s debt to equity ratio high or low?
Shopify Inc.'s debt to equity ratio of 0.01 is 91% below its 5-year average of 0.11, near the low end of its 5-year range (0.01–0.17).
As of Thursday, June 11, 2026. 81.82% below its 12-month average of 0.06.
SHOP Debt to Equity Ratio Chart
SHOP Average Debt to Equity Ratio Chart
SHOP Current vs Average Debt to Equity Ratio Chart
SHOP Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.01
DEBT TO EQUITY RATIO AVG TTM
0.06
DEBT TO EQUITY RATIO AVG 3Y
0.10
DEBT TO EQUITY RATIO AVG 5Y
0.11
DEBT TO EQUITY RATIO AVG 10Y
0.08
DEBT TO EQUITY RATIO AVG 15Y
0.07
DEBT TO EQUITY RATIO AVG 20Y
0.07
CURRENT VS TTM AVG
-81.82%
CURRENT VS 3Y AVG
-90.24%
CURRENT VS 5Y AVG
-90.91%
CURRENT VS 10Y AVG
-86.75%
CURRENT VS 15Y AVG
-85.26%
CURRENT VS 20Y AVG
-85.26%
SHOP Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shopify Inc. (SHOP) | $138.79B | 0.01 | 0.06 | 0.10 | 0.11 |
| Uber Technologies, Inc. (UBER) | $138.87B | 0.45 | 0.49 | 0.91 | 0.88 |
| Salesforce, Inc. (CRM) | $134.52B | 0.29 | 0.24 | 0.23 | 0.22 |
| Western Digital Corporation (WDC) | $168.93B | 0.96 | 0.84 | 0.77 | 0.81 |
| ServiceNow, Inc. (NOW) | $106.09B | 0.25 | 0.24 | 0.31 | 0.43 |
| Cadence Design Systems, Inc. (CDNS) | $106.06B | 0.45 | 0.50 | 0.39 | 0.32 |
| Fortinet, Inc. (FTNT) | $105.81B | 0.81 | 0.74 | 0.74 | 0.69 |
| Accenture plc (ACN) | $103.23B | 0.26 | 0.21 | 0.17 | 0.18 |
| CrowdStrike Holdings, Inc. (CRWD) | $174.56B | 0.19 | 0.21 | 0.33 | 0.49 |
| Seagate Technology Holdings plc (STX) | $182.97B | -11.03 | 30.24 | 20.95 | 13.54 |
Financial Health
Debt/Equity
0.01
Current Ratio
5.96
Shopify Inc. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Shopify Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Shopify Inc. (SHOP)?
- The debt to equity ratio for SHOP stock is 0.01.
- Is Shopify Inc.'s debt to equity ratio high or low?
- Shopify Inc.'s debt to equity ratio of 0.01 is 91% below its 5-year average of 0.11, near the low end of its 5-year range (0.01–0.17).
- What is the TTM average debt to equity ratio for Shopify Inc. (SHOP)?
- The TTM average debt to equity ratio for SHOP stock is 0.06.
- What is the 3Y average debt to equity ratio for Shopify Inc. (SHOP)?
- The 3Y average debt to equity ratio for SHOP stock is 0.10.
- What is the 5Y average debt to equity ratio for Shopify Inc. (SHOP)?
- The 5Y average debt to equity ratio for SHOP stock is 0.11.
- What is the 10Y average debt to equity ratio for Shopify Inc. (SHOP)?
- The 10Y average debt to equity ratio for SHOP stock is 0.08.
- What is the 15Y average debt to equity ratio for Shopify Inc. (SHOP)?
- The 15Y average debt to equity ratio for SHOP stock is 0.07.
- What is the 20Y average debt to equity ratio for Shopify Inc. (SHOP)?
- The 20Y average debt to equity ratio for SHOP stock is 0.07.
Shopify Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 0.01 |
| 2024-12-31 | 0.10 |
| 2023-12-31 | 0.13 |
| 2022-12-31 | 0.17 |
| 2021-12-31 | 0.11 |
| 2020-12-31 | 0.14 |
| 2019-12-31 | 0.05 |
| 2018-12-31 | 0.01 |
| 2017-12-31 | 0.02 |
| 2016-12-31 | 0.03 |
| 2015-12-31 | 0.06 |
| 2014-12-31 | 0.11 |
| 2013-12-31 | 0.01 |
| 2012-12-31 | 0.00 |
Related Metrics
About Shopify Inc.
Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Tobias Lutke