Shopify Inc (SHOP) — Cash Flow-to-Debt Ratio
Shopify Inc (SHOP) has a Cash Flow-to-Debt Ratio of 0.20x as of September 2025, meaning its operating cash flow of $513.00 Million could theoretically repay 0% of its total liabilities ($2.53 Billion) in one year. See Shopify Inc (SHOP) financial flexibility to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Shopify Inc Cash Flow-to-Debt Ratio (2013–2024)
Historical debt coverage capacity for Shopify Inc across 12 annual periods. For the full cash flow conversion analysis, see SHOP cash generation efficiency.
Annual Cash Flow-to-Debt Ratio for Shopify Inc (2013–2024)
Year-by-year debt coverage analysis for Shopify Inc. Check SHOP operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.68x | $1.62 Billion | $2.37 Billion | ▲ +61.6% |
| 2023 | 0.42x | $944.00 Million | $2.23 Billion | ▲ +882.7% |
| 2022 | -0.05x | $-136.00 Million | $2.52 Billion | ▼ -122.2% |
| 2021 | 0.24x | $535.71 Million | $2.21 Billion | ▼ -22.2% |
| 2020 | 0.31x | $424.96 Million | $1.36 Billion | ▲ +109.3% |
| 2019 | 0.15x | $70.61 Million | $473.75 Million | ▲ +162.2% |
| 2018 | 0.06x | $9.32 Million | $164.02 Million | ▼ -19.1% |
| 2017 | 0.07x | $7.90 Million | $112.46 Million | ▼ -59.9% |
| 2016 | 0.18x | $14.02 Million | $80.08 Million | ▼ -46.2% |
| 2015 | 0.33x | $15.76 Million | $48.40 Million | ▲ +1216.2% |
| 2014 | -0.03x | $-801.00K | $27.46 Million | ▼ -121.7% |
| 2013 | 0.13x | $1.40 Million | $10.41 Million | — |