Shopify Total Current Liabilities vs Net Debt Analysis

SHOP Stock

CAD 181.92 0.90 0.50%

Shopify financial indicator trend analysis is much more than just breaking down Shopify prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shopify is a good investment. Please check the relationship between Shopify Total Current Liabilities and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.

Total Current Liabilities vs Net Debt

Total Current Liabilities vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shopify Total Current Liabilities account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Shopify's Total Current Liabilities and Net Debt is -0.14. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Debt in the same time period over historical financial statements of Shopify, assuming nothing else is changed. The correlation between historical values of Shopify's Total Current Liabilities and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Shopify are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Liabilities i.e., Shopify's Total Current Liabilities and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Shopify balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shopify are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Shopify's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shopify current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.At this time, Shopify's Selling General Administrative is very stable compared to the past year. As of the 18th of February 2025, Tax Provision is likely to grow to about 219.4 M, while Sales General And Administrative To Revenue is likely to drop 0.04.

	2024	2025 (projected)
Interest Expense	1.3M	1.3M
Depreciation And Amortization	80.5M	84.5M

Interest Expense Depreciation And Amortization

Shopify fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		0.69	0.68	0.57	0.56	0.69	0.61	0.69	0.6	0.65	-0.41	0.31	0.68	0.65	0.61	0.7	0.63	0.49	0.72	0.72	0.62	0.37	0.69	0.6	0.69	0.69
Total Assets	0.69		0.98	0.6	0.9	1.0	0.95	0.96	0.7	0.97	-0.44	0.63	0.98	0.82	0.96	0.88	0.77	0.59	0.97	0.9	0.79	0.42	0.98	0.85	0.98	0.84
Short Long Term Debt Total	0.68	0.98		0.64	0.87	0.97	0.93	0.93	0.75	0.96	-0.42	0.53	0.98	0.83	0.94	0.87	0.81	0.7	0.96	0.88	0.85	0.52	0.97	0.8	1.0	0.87
Other Current Liab	0.57	0.6	0.64		0.23	0.59	0.51	0.73	0.87	0.49	-0.69	0.17	0.6	0.83	0.43	0.83	0.85	0.68	0.67	0.81	0.91	0.58	0.57	0.36	0.65	0.82
Total Current Liabilities	0.56	0.9	0.87	0.23		0.9	0.87	0.77	0.46	0.94	-0.14	0.59	0.89	0.54	0.95	0.63	0.5	0.45	0.86	0.66	0.48	0.25	0.92	0.84	0.87	0.66
Total Stockholder Equity	0.69	1.0	0.97	0.59	0.9		0.95	0.96	0.68	0.96	-0.44	0.65	0.97	0.81	0.96	0.88	0.75	0.57	0.97	0.9	0.77	0.39	0.97	0.86	0.98	0.83
Other Liab	0.61	0.95	0.93	0.51	0.87	0.95		0.89	0.64	0.96	-0.21	0.66	0.95	0.66	0.98	0.76	0.75	0.6	0.86	0.81	0.76	0.48	0.92	0.71	0.95	0.79
Net Tangible Assets	0.69	0.96	0.93	0.73	0.77	0.96	0.89		0.75	0.86	-0.63	0.69	0.9	0.91	0.86	0.95	0.78	0.55	0.95	0.96	0.84	0.34	0.89	0.8	0.93	0.83
Property Plant And Equipment Net	0.6	0.7	0.75	0.87	0.46	0.68	0.64	0.75		0.65	-0.49	0.22	0.73	0.76	0.6	0.77	0.76	0.89	0.75	0.78	0.85	0.56	0.71	0.36	0.76	0.93
Current Deferred Revenue	0.65	0.97	0.96	0.49	0.94	0.96	0.96	0.86	0.65		-0.21	0.51	0.99	0.67	0.99	0.76	0.76	0.65	0.93	0.8	0.74	0.54	0.98	0.8	0.97	0.83
Net Debt	-0.41	-0.44	-0.42	-0.69	-0.14	-0.44	-0.21	-0.63	-0.49	-0.21		-0.37	-0.3	-0.84	-0.18	-0.74	-0.39	-0.15	-0.54	-0.68	-0.54	0.08	-0.33	-0.5	-0.39	-0.41
Retained Earnings	0.31	0.63	0.53	0.17	0.59	0.65	0.66	0.69	0.22	0.51	-0.37		0.48	0.49	0.62	0.53	0.17	-0.01	0.51	0.55	0.32	-0.3	0.48	0.53	0.53	0.28
Accounts Payable	0.68	0.98	0.98	0.6	0.89	0.97	0.95	0.9	0.73	0.99	-0.3	0.48		0.75	0.97	0.83	0.83	0.69	0.95	0.86	0.82	0.58	0.99	0.8	0.99	0.88
Cash	0.65	0.82	0.83	0.83	0.54	0.81	0.66	0.91	0.76	0.67	-0.84	0.49	0.75		0.64	0.97	0.74	0.54	0.87	0.94	0.85	0.32	0.75	0.73	0.81	0.79
Non Current Assets Total	0.61	0.96	0.94	0.43	0.95	0.96	0.98	0.86	0.6	0.99	-0.18	0.62	0.97	0.64		0.73	0.71	0.58	0.89	0.77	0.69	0.45	0.96	0.78	0.96	0.78
Cash And Short Term Investments	0.7	0.88	0.87	0.83	0.63	0.88	0.76	0.95	0.77	0.76	-0.74	0.53	0.83	0.97	0.73		0.79	0.57	0.91	0.99	0.86	0.38	0.82	0.75	0.87	0.86
Net Receivables	0.63	0.77	0.81	0.85	0.5	0.75	0.75	0.78	0.76	0.76	-0.39	0.17	0.83	0.74	0.71	0.79		0.7	0.78	0.81	0.94	0.82	0.78	0.56	0.83	0.86
Good Will	0.49	0.59	0.7	0.68	0.45	0.57	0.6	0.55	0.89	0.65	-0.15	-0.01	0.69	0.54	0.58	0.57	0.7		0.62	0.58	0.77	0.75	0.66	0.21	0.7	0.86
Common Stock Total Equity	0.72	0.97	0.96	0.67	0.86	0.97	0.86	0.95	0.75	0.93	-0.54	0.51	0.95	0.87	0.89	0.91	0.78	0.62		0.92	0.79	0.43	0.97	0.88	0.96	0.87
Short Term Investments	0.72	0.9	0.88	0.81	0.66	0.9	0.81	0.96	0.78	0.8	-0.68	0.55	0.86	0.94	0.77	0.99	0.81	0.58	0.92		0.86	0.4	0.85	0.76	0.89	0.88
Non Current Liabilities Total	0.62	0.79	0.85	0.91	0.48	0.77	0.76	0.84	0.85	0.74	-0.54	0.32	0.82	0.85	0.69	0.86	0.94	0.77	0.79	0.86		0.7	0.76	0.51	0.85	0.88
Inventory	0.37	0.42	0.52	0.58	0.25	0.39	0.48	0.34	0.56	0.54	0.08	-0.3	0.58	0.32	0.45	0.38	0.82	0.75	0.43	0.4	0.7		0.51	0.17	0.55	0.66
Other Current Assets	0.69	0.98	0.97	0.57	0.92	0.97	0.92	0.89	0.71	0.98	-0.33	0.48	0.99	0.75	0.96	0.82	0.78	0.66	0.97	0.85	0.76	0.51		0.84	0.98	0.87
Other Stockholder Equity	0.6	0.85	0.8	0.36	0.84	0.86	0.71	0.8	0.36	0.8	-0.5	0.53	0.8	0.73	0.78	0.75	0.56	0.21	0.88	0.76	0.51	0.17	0.84		0.79	0.57
Total Liab	0.69	0.98	1.0	0.65	0.87	0.98	0.95	0.93	0.76	0.97	-0.39	0.53	0.99	0.81	0.96	0.87	0.83	0.7	0.96	0.89	0.85	0.55	0.98	0.79		0.89
Property Plant And Equipment Gross	0.69	0.84	0.87	0.82	0.66	0.83	0.79	0.83	0.93	0.83	-0.41	0.28	0.88	0.79	0.78	0.86	0.86	0.86	0.87	0.88	0.88	0.66	0.87	0.57	0.89

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Shopify Account Relationship Matchups

Pair Trading with Shopify

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Shopify position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Shopify will appreciate offsetting losses from the drop in the long position's value.

Moving together with Shopify Stock

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Pair Corr

The ability to find closely correlated positions to Shopify could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shopify when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Shopify - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Shopify to buy it.

The correlation of Shopify is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shopify moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shopify moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Shopify can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Shopify is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shopify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shopify Stock. Highlighted below are key reports to facilitate an investment decision about Shopify Stock:

How To Invest In Shopify

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Is Shopify Stock a good investment?

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What is Shopify's Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shopify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Please note, there is a significant difference between Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shopify's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Shopify Total Current Liabilities vs Net Debt Analysis

Total Current Liabilities vs Net Debt

Total Current Liabilities vs Net Debt Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Net Debt

Shopify fundamental ratios Correlations

Shopify Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Shopify

Moving together with Shopify Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Accounts Payable	+ 0.99	Current Deferred Revenue
Non Current Assets Total	+ 0.99	Current Deferred Revenue
Other Current Assets	+ 0.99	Accounts Payable
Total Liab	+ 0.99	Accounts Payable

Cash	- 0.84	Net Debt
Cash And Short Term Investments	- 0.74	Net Debt
Net Debt	- 0.69	Other Current Liab
Short Term Investments	- 0.68	Net Debt
Net Debt	- 0.63	Net Tangible Assets
Non Current Liabilities Total	- 0.54	Net Debt