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Equinix (EQIX) Ratios
Equinix Ratios
EQIX's free cash flow for Q3 2026 was $-325.00M. For the 2026 fiscal year, EQIX's free cash flow was decreased by $-1.57B and operating cash flow was $1.24B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.32 | 1.63 | 1.13 | 1.80 | 1.84 |
| Quick Ratio | 1.32 | 1.63 | 1.13 | 1.80 | 1.84 |
| Cash Ratio | 0.44 | 0.92 | 0.66 | 1.04 | 0.96 |
| Solvency Ratio | 0.13 | 0.13 | 0.14 | 0.13 | 0.13 |
| Operating Cash Flow Ratio | 1.00 | 0.97 | 1.02 | 1.61 | 1.59 |
| Short-Term Operating Cash Flow Coverage | 2.97 | 2.70 | 3.20 | 300.92 | 76.99 |
| Net Current Asset Value | $ -20.84B | $ -16.09B | $ -16.57B | $ -15.50B | $ -14.08B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.57 | 0.54 | 0.53 | 0.54 | 0.54 |
| Debt-to-Equity Ratio | 1.61 | 1.40 | 1.40 | 1.43 | 1.38 |
| Debt-to-Capital Ratio | 0.62 | 0.58 | 0.58 | 0.59 | 0.58 |
| Long-Term Debt-to-Capital Ratio | 0.55 | 0.51 | 0.50 | 0.53 | 0.52 |
| Financial Leverage Ratio | 2.84 | 2.59 | 2.61 | 2.63 | 2.57 |
| Debt Service Coverage Ratio | 2.08 | 1.97 | 2.28 | 7.65 | 6.75 |
| Interest Coverage Ratio | 3.25 | 2.91 | 3.59 | 3.37 | 3.30 |
| Debt to Market Cap | 0.25 | 0.17 | 0.18 | 0.21 | 0.15 |
| Interest Debt Per Share | 237.99 | 203.42 | 190.74 | 183.75 | 170.75 |
| Net Debt to EBITDA | 5.16 | 4.61 | 4.56 | 4.98 | 5.17 |
| Profitability Margins | |||||
| Gross Profit Margin | 51.32% | 48.94% | 48.36% | 48.35% | 47.67% |
| EBIT Margin | 21.66% | 16.37% | 18.64% | 16.32% | 14.24% |
| EBITDA Margin | 43.97% | 39.33% | 41.17% | 40.23% | 39.20% |
| Operating Profit Margin | 19.96% | 15.18% | 17.62% | 16.52% | 16.70% |
| Pretax Profit Margin | 16.29% | 11.15% | 13.73% | 11.41% | 9.18% |
| Net Profit Margin | 14.58% | 9.32% | 11.84% | 9.70% | 7.54% |
| Continuous Operations Profit Margin | 14.56% | 9.30% | 11.83% | 9.71% | 7.53% |
| Net Income Per EBT | 89.52% | 83.59% | 86.23% | 84.96% | 82.14% |
| EBT Per EBIT | 81.60% | 73.42% | 77.89% | 69.08% | 54.95% |
| Return on Assets (ROA) | 3.36% | 2.32% | 2.97% | 2.32% | 1.79% |
| Return on Equity (ROE) | 9.54% | 6.02% | 7.76% | 6.12% | 4.60% |
| Return on Capital Employed (ROCE) | 5.10% | 4.18% | 4.89% | 4.21% | 4.21% |
| Return on Invested Capital (ROIC) | 4.36% | 3.33% | 4.04% | 3.55% | 3.41% |
| Return on Tangible Assets | 4.11% | 2.89% | 3.84% | 3.09% | 2.43% |
| Earnings Yield | 1.80% | 0.91% | 1.29% | 1.17% | 0.66% |
| Efficiency Ratios | |||||
| Receivables Turnover | 9.25 | 6.34 | 6.28 | 6.51 | 7.10 |
| Payables Turnover | 35.50 | 33.59 | 26.10 | 32.35 | 41.30 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 0.37 | 0.42 | 0.41 | 0.40 | 0.40 |
| Asset Turnover | 0.23 | 0.25 | 0.25 | 0.24 | 0.24 |
| Working Capital Turnover Ratio | 5.56 | 6.99 | 8.74 | 5.15 | 6.86 |
| Cash Conversion Cycle | 29.17 | 46.71 | 44.10 | 44.76 | 42.57 |
| Days of Sales Outstanding | 39.46 | 57.58 | 58.08 | 56.04 | 51.41 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 10.28 | 10.87 | 13.99 | 11.28 | 8.84 |
| Operating Cycle | 39.46 | 57.58 | 58.08 | 56.04 | 51.41 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 39.96 | 34.04 | 34.36 | 32.36 | 28.37 |
| Free Cash Flow Per Share | -4.09 | 1.92 | 4.65 | 7.48 | -2.28 |
| Dividend Paid and CapEx Coverage Ratio | 0.63 | 0.69 | 0.77 | 0.86 | 0.67 |
| Capital Expenditure Coverage Ratio | 0.91 | 1.06 | 1.16 | 1.30 | 0.93 |
| Operating Cash Flow Coverage Ratio | 0.17 | 0.17 | 0.18 | 0.18 | 0.17 |
| Operating Cash Flow to Sales Ratio | 0.42 | 0.37 | 0.39 | 0.41 | 0.38 |
| Free Cash Flow Yield | -0.53% | 0.20% | 0.58% | 1.14% | -0.27% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 55.56 | 110.41 | 77.79 | 85.16 | 151.81 |
| Price-to-Sales (P/S) Ratio | 8.10 | 10.29 | 9.21 | 8.26 | 11.44 |
| Price-to-Book (P/B) Ratio | 5.30 | 6.65 | 6.04 | 5.21 | 6.98 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -187.49 | 491.83 | 173.10 | 87.54 | -371.66 |
| Price-to-Operating Cash Flow Ratio | 19.18 | 27.70 | 23.44 | 20.24 | 29.81 |
| Price-to-Earnings Growth (PEG) Ratio | 0.90 | -6.31 | 2.25 | 2.24 | 4.75 |
| Enterprise Value Multiple | 23.57 | 30.77 | 26.92 | 25.51 | 34.36 |
| Enterprise Value | 95.99B | 105.89B | 90.75B | 74.54B | 89.39B |
| EV to EBITDA | 23.57 | 30.77 | 26.92 | 25.51 | 34.36 |
| EV to Sales | 10.37 | 12.10 | 11.08 | 10.26 | 13.47 |
| EV to Free Cash Flow | -239.98 | 578.61 | 208.35 | 108.79 | -437.52 |
| EV to Operating Cash Flow | 24.54 | 32.59 | 28.21 | 25.16 | 35.09 |
| Tangible Book Value Per Share | 70.27 | 69.47 | 54.18 | 43.18 | 39.82 |
| Shareholders’ Equity Per Share | 144.62 | 141.72 | 133.41 | 125.65 | 121.22 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.11 | 0.17 | 0.14 | 0.15 | 0.18 |
| Revenue Per Share | 94.60 | 91.64 | 87.47 | 79.32 | 73.92 |
| Net Income Per Share | 13.79 | 8.54 | 10.35 | 7.69 | 5.57 |
| Tax Burden | 0.90 | 0.84 | 0.86 | 0.85 | 0.82 |
| Interest Burden | 0.75 | 0.68 | 0.74 | 0.70 | 0.64 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.30 | 0.30 | 0.20 | 0.21 | 0.20 |
| Stock-Based Compensation to Revenue | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 |
| Income Quality | 2.90 | 3.99 | 3.32 | 4.21 | 5.10 |
Currency in USD