Shopify (NYSE:SHOP) Could Easily Take On More Debt
Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. If things get really bad, the lenders can take control of the business. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage.
The latest balance sheet data shows that Shopify had liabilities of US$495.1m due within a year, and liabilities of US$1.19b falling due after that. On the other hand, it had cash of US$7.87b and US$220.0m worth of receivables due within a year. So it actually has US$6.41b more liquid assets than total liabilities.
Vendor news: Shopify doubles GMV while Google gets boost from curbside uptick
(Bloomberg)—Shopify Inc. posted much higher-than-expected revenue for its first fiscal quarter ended March 31, and it reiterated that it expects continued strong sales growth in 2021 but at a slower pace. Shopify is the No. 5 ecommerce platform provider in the Leading Vendors to the Top 1000 .
"Shopify's momentum continued into 2021 as digital commerce tailwinds remained strong and merchants took advantage of the range of capabilities offered by our platform," said Amy Shapero, Shopify's chief financial officer, in a written statement.
Shopify Reports Record Sales Amid Leadership Transition
Last quarter, Shopify found it was even easier to extend its quarantine sales streak than to get mistaken for Spotify. In earnings Wednesday, the storefronts-as-a-service provider reported Q1 revenue jumped 110% YoY ($989 million, up from $470 million); gross merchandise volume reached $37.3 billion.
First step: Reversing a C-suite retreat. Shopify is at a teambuilding crossroads after a recent wave of executive exits. New hires could make the difference between extending its surge and [insert your favorite losing sports metaphor here].
Shopify (NYSE:SHOP), (AFRM) - Shopify Analysts Cautious Following Q1 Print: 'Look For A More
Shopify Inc (NYSE: SHOP ) shares dropped 4.41% Thursday as investors took profits following the company’s big first-quarter earnings beat.
For the first quarter, Shopify reported adjusted EPS of $2.01 on $988.6 million in revenue. Both numbers beat consensus analyst estimates of 75 cents and $862.7 million, respectively. Revenue was up 110% from a year ago.
Thursday's stock analyst calls: Roku, eBay, Apple, Walmart, Shopify
Shopify's a Great Stock — but Isn't Without Its Share of Risks Today
As far as Canadian growth stocks go, there are few better options than Shopify Inc. (TSX:SHOP)(NYSE:SHOP). Indeed, I'm still bullish on this stock. That said, this stock is still marred by a few risks that can be concerning for investors.
Indeed, now may be a silly time to talk about a deceleration of growth for Shopify. Indeed, this is a stock that investors have been talking about slowing growth for a long time. It's never materialized.
Shopify says vaccinations haven't slowed down online shopping
The pandemic caused a surge in e-commerce, not only prompting more shoppers to buy online but also pushing numerous businesses to launch digital storefronts—many through Shopify. The combination has helped fuel Shopify's rapid growth over the past year.
That growth remains strong, and North American merchants have so far seen no slump in their online sales from the vaccine rollout, the company's president, Harley Finklestein, told investors and analysts on a call today.
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