Is it safe?
Can EQIX take a bad year?
Equinix carries $17.6B of net debt at 4.10× EBITDA: a heavy load to carry through a bad year.
$17.6B
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 4.10×
Net debt / EBITDA · 3.92× a year ago · the load is going up
- Interest cover
- 3.76×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 26%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $19.9B
- Cash and short-term investments
- $2.22B
- Net debt
- $17.6B
- EBITDA, trailing twelve months
- $4.30B
- Operating profit, trailing twelve months
- $2.14B
- Debt / equity
- 1.38×
- Total debt / EBITDA
- 4.62×
- Annualised volatilitytwo years of daily moves
- 26%
- Worst drawdown on file
- −42%
- Below its 52-week high
- −3.3%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT - Specialty
Ranks #2 of 13 by Smart Score