Shopify Inc (SHOP) — Defensive Interval Ratio

Latest as of June 2026: 1485 days

Shopify Inc (SHOP) has a Defensive Interval Ratio of 1485 days as of June 2026. Defensive assets of CA$5.94 Billion (cash CA$-, short-term investments CA$3.29 Billion, receivables CA$2.65 Billion) cover 1485 days of daily cash needs of CA$4.00 Million/day.

Defensive Interval Ratio

1485 days
Days of operational coverage

Defensive Assets

CA$5.94 Billion
Cash + ST Investments + Receivables

Daily Cash Need

CA$4.00 Million
Current Liabilities ÷ 365

Current Liabilities

CA$1.46 Billion
CAD

Shopify Inc Defensive Interval Ratio (2013–2025)

This chart shows how Shopify Inc's Defensive Interval Ratio has evolved across 13 annual periods from 2013 to 2025. As of June 2026, the ratio stands at 1485 days, meaning defensive assets of CA$5.94 Billion can fund 1485 days of operations without new revenue. For the complete balance sheet picture, see SHOP total asset value.

Annual Defensive Interval Ratio for Shopify Inc (2013–2025)

The table below presents the year-by-year Defensive Interval Ratio for Shopify Inc from 2013 to 2025, covering 13 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See Shopify Inc working capital to net assets to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2025 2124 days CA$8.08 Billion CA$3.81 Million/day CA$1.54 Billion CA$4.23 Billion ▲ +792 days
2024 1331 days CA$7.13 Billion CA$5.36 Million/day CA$1.50 Billion CA$3.98 Billion ▼ -1174 days
2023 2505 days CA$6.16 Billion CA$2.46 Million/day CA$1.41 Billion CA$3.60 Billion ▼ -27 days
2022 2532 days CA$5.94 Billion CA$2.35 Million/day CA$1.65 Billion CA$3.40 Billion ▼ -1860 days
2021 4392 days CA$8.46 Billion CA$1.93 Million/day CA$2.50 Billion CA$5.27 Billion ▼ -1279 days
2020 5670 days CA$6.81 Billion CA$1.20 Million/day CA$2.70 Billion CA$3.68 Billion ▲ +2560 days
2019 3110 days CA$2.70 Billion CA$866.80K/day CA$649.92 Million CA$1.81 Billion ▼ -2424 days
2018 5534 days CA$2.10 Billion CA$379.97K/day CA$410.68 Million CA$1.56 Billion ▲ +1655 days
2017 3879 days CA$1.01 Billion CA$259.60K/day CA$141.68 Million CA$796.36 Million ▲ +1609 days
2016 2271 days CA$413.91 Million CA$182.28K/day CA$84.01 Million CA$308.40 Million ▲ +1426 days
2015 845 days CA$86.19 Million CA$102.02K/day CA$- CA$80.10 Million ▲ +385 days
2014 460 days CA$24.94 Million CA$54.18K/day CA$- CA$17.71 Million ▲ +330 days
2013 130 days CA$3.57 Million CA$27.51K/day CA$- CA$181.00K —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)