Shopify Inc (SHOP) — Cash Flow-to-Debt Ratio
Shopify Inc (SHOP) has a Cash Flow-to-Debt Ratio of 0.43x as of December 2025, meaning its operating cash flow of CA$736.94 Million could theoretically repay 0% of its total liabilities (CA$1.71 Billion) in one year. See SHOP free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Shopify Inc Cash Flow-to-Debt Ratio (2013–2025)
Historical debt coverage capacity for Shopify Inc across 13 annual periods. Also explore SHOP shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Shopify Inc (2013–2025)
Year-by-year debt coverage analysis for Shopify Inc. For market capitalisation and broader financial context, see Shopify Inc (SHOP) market capitalisation.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 1.21x | CA$2.07 Billion | CA$1.71 Billion | ▲ +76.8% |
| 2024 | 0.68x | CA$1.62 Billion | CA$2.37 Billion | ▲ +61.6% |
| 2023 | 0.42x | CA$944.00 Million | CA$2.23 Billion | ▲ +882.8% |
| 2022 | -0.05x | CA$-136.00 Million | CA$2.52 Billion | ▼ -123.6% |
| 2021 | 0.23x | CA$504.43 Million | CA$2.21 Billion | ▼ -26.7% |
| 2020 | 0.31x | CA$424.96 Million | CA$1.36 Billion | ▲ +109.3% |
| 2019 | 0.15x | CA$70.61 Million | CA$473.75 Million | ▲ +162.2% |
| 2018 | 0.06x | CA$9.32 Million | CA$164.02 Million | ▼ -19.1% |
| 2017 | 0.07x | CA$7.90 Million | CA$112.46 Million | ▼ -59.9% |
| 2016 | 0.18x | CA$14.02 Million | CA$80.08 Million | ▼ -46.2% |
| 2015 | 0.33x | CA$15.76 Million | CA$48.40 Million | ▲ +1216.2% |
| 2014 | -0.03x | CA$-801.00K | CA$27.46 Million | ▼ -121.7% |
| 2013 | 0.13x | CA$1.40 Million | CA$10.41 Million | — |