Shopify Inc (SHOP) — Defensive Interval Ratio
Shopify Inc (SHOP) has a Defensive Interval Ratio of 1715 days as of March 2026. Defensive assets of CA$6.45 Billion (cash CA$-, short-term investments CA$3.90 Billion, receivables CA$2.55 Billion) cover 1715 days of daily cash needs of CA$3.76 Million/day. See Shopify Inc short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
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 March 2026, the ratio stands at 1715 days, meaning defensive assets of CA$6.45 Billion can fund 1715 days of operations without new revenue. See Shopify Inc net asset quality index to measure how much of total assets are equity-financed.
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. For live market cap and the full company financial profile, see Shopify Inc market capitalisation.
| 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 | — |