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Equinix, Inc. logo

Equinix, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Equinix, Inc. holds $40.9B in total assets. Shareholders' equity is $14.3B against $23.5B in total debt. Cash and equivalents total $1.4B. The current ratio is 1.18 and debt-to-equity is 1.64. Based on the Q1 2026 filing.

Total Assets$40.9BTotal Stockholders Equity$14.3BLong Term Debt$19.8BCash And Equivalents$1.4BTotal Current Assets$5.3BTotal Current Liabilities$4.5B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$102.88B
P/E Ratio72.35
ROE10.09%

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$949M$1.1B$1.1B$1.1B$1B$1.1B
Allowance for Doubtful Accounts$19M$20M$20M$17M$16M$13M
Cash and cash equivalents$3.1B$3B$3.7B$2.2B$1.8B$1.4B
Contract assets$102M$112M$84M$61M$56M$45M
Other current assets$890M$743M$881M$891M$897M$1.2B
Derivative Assets - Fair Value$591M$347M$271M$231M$255M$281M
Derivative assets$605M$365M$278M$248M$267M$325M
Restricted cash—$12M$5M$60M—$59M
Total current assets$5.4B$5.5B$6.6B$5B$5.1B$5.3B

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Progress Collections and Price Adjustments$150M$158M$164M$173M$170M$226M
Accounts payable and other current liabilities (Note 11)$1.2B$1.1B$1.2B$1.3B$1.4B$1.3B
Accrued property, plant and equipment$387M$422M$378M$482M$564M$703M
Current portion of mortgage and loans payable$5M$5M$14M$17M$17M$16M
Other accrued liabilities$232M$245M$368M$280M$340M$288M
Senior Notes Current$1.2B$1.2B$1.9B$699M$1.3B$1.9B
Deferred revenue$123M$130M$132M$128M$133M$146M
Derivative Liabilities - Fair Value$4M$18M$202M$135M$161M$37M
Finance Lease Liability, Current$189M$201M$211M$157M$168M$173M
Operating Lease Liability Payments - 2024 (Lessee)—$206M$212M$214M—$183M
Operating Lease Liability Payments - 2025 (Lessee)—$148M$152M$152M—$143M
Operating lease liabilities, current$144M$150M$158M$159M$155M$161M
Total current liabilities$3.3B$3.3B$4.2B$3.1B$3.9B$4.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Notional Principal Outstanding$10.3B$9.5B$12.5B$8.5B$10.3B$11.3B
Gross Assets/Liabilities$79M$94M$339M$217M$241M$178M
Allowance for doubtful accounts$19M$20M$20M$17M$16M$13M
Available for sale investments————$0$10M
Common stock, par value (in dollars per share)$0.00$0.00$0.00$0.00$0.00$0.00
Common stock, shares authorized (in shares)300M300M300M300M300M300M
Common stock, shares issued (in shares)97.4M97.9M97.9M98.3M98.3M98.7M
Common Stock, Shares, Outstanding97.3M97.8M97.9M98.2M98.2M98.6M
Number of countries with a defined benefit pension plan—2.002.002.00—2.00
Number of defined benefit pension plans—2.002.002.00—2.00
Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Cash, Offset Against Derivative Asset$75M$76M$137M$82M$80M$141M
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset$0$0$0$0$0$0
Gross Amounts$605M$365M$278M$248M$267M$325M
Derivative, gross, assets$591M$347M$271M$231M$255M$281M
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$530M$289M$141M$166M$187M$184M
Derivatives, gross, liabilities$72M$79M$335M$203M$229M$139M
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$4M$18M$202M$135M$161M$37M
Derivative Liability$79M$94M$339M$217M$241M$178M
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Offset$75M$76M$137M$82M$80M$141M
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset$0$0$0$0$0$0
Gross Amounts$79M$94M$339M$217M$241M$178M
Notional$10.3B$9.5B$12.5B$8.5B$10.3B$11.3B
Fair value of embedded derivative$213M$191M$200M$186M$230M$38M
Equity method investments (Note 11)$519M$578M$618M$601M$551M$693M
Current maturities of long-term debt$189M$201M$211M$157M$168M$173M
Finance Lease Liability Payments Due—$3.4B$3.4B$3.3B—$3.3B
Finance Lease Liability Payments Due After Year Five—$2.1B$2.2B$2.2B—$2B
2027—$266M$272M$274M—$290M
Finance Lease Liability Payments Due Year Four—$250M$256M$257M—$256M
Finance Lease Liability Payments Due Year Three—$259M$265M$266M—$271M
Finance Lease Liability Payments Due Year Two—$271M$277M$278M—$279M
Finance Lease Liability Undiscounted Excess Amount—$1B$1B$1B—$957M
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$2.2B$2.2B$2.3B$2.2B$2.3B$2.2B
Finance Lease, Right-of-Use Asset, Accumulated Amortization$964M$990M$1.1B$1.1B$1.1B$1.2B
Lessee, Operating And Finance Lease, Liability—$3.9B$3.9B$3.8B—$3.7B
Lessee, Operating And Finance Lease, Payments, Due—$5.5B$5.5B$5.4B—$5.2B
Lessee, Operating And Finance Lease, Payments, Due After Year Four—$3.3B$3.4B$3.4B—$3B
Lessee, Operating And Finance Lease, Payments, Due Year Three—$436M$446M$448M—$425M
Lessee, Operating And Finance Lease, Payments, Due Year Four—$398M$408M$409M—$399M
Lessee, Operating And Finance Lease, Payments, Due Year One—$491M$503M$506M—$506M
Lessee, Operating And Finance Lease, Payments, Due Year Two—$477M$489M$492M—$462M
Lessee, Operating And Finance Lease, Payments, Remainder Of Fiscal Year—$406M$298M$111M—$375M
Lessee, Operating And Finance Lease, Payments, Undiscounted Excess Amount—$1.6B$1.6B$1.6B—$1.5B
Lessee Operating Lease Liability Payments Due—$2.1B$2.1B$2B—$1.9B
Lessee Operating Lease Liability Undiscounted Excess Amount—$572M$572M$552M—$516M
Mortgage and loans payable————$706M$29M
Loans Receivable Fair Value Disclosure————$351M$347M
2028—$1.7B$1.8B$1.8B—$1.4B
2029—$1.4B$1.4B$1.4B—$2.2B
2030—$1.3B$2.2B$2.2B—$2.7B
2027—$1.3B$1.3B$1.3B—$1.1B
Remainder of 2026—$1.2B$1.2B$13M—$1.3B
Thereafter—$9B$10.1B$10.6B—$11B
Loans Payable, Noncurrent$644M$662M$702M$687M$686M$13M
Long Term Notes And Loans$644M$662M$702M$687M$686M$13M
Number of class action complaints—$0$0$0—$0
Noncontrolling interests in subsidiaries-$1M-$1M-$2M-$2M-$3M-$3M
Notes and Loans Payable$649M$667M$716M$704M$703M$29M
Notes and Loans Payable, Current$5M$5M$14M$17M$17M$16M
Operating Lease Weighted Average Discount Rate Percent5.0%5.0%5.0%5.0%5.0%5.0%
Purchase Obligation—————$7.7B
2029—————$142M
2027—————$790M
2028—————$223M
Thereafter—————$595M
Redeemable non-controlling interest$25M$25M$25M$25M$25M$25M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$11.3B$12.2B$12.7B—$14.2B
RPO percentage—————65.0%
Number of settlement alternatives3.00—————
Senior Long Term Notes$13.4B$13.9B$15.3B$15.8B$16.9B$17.7B
Treasury stock, shares (in shares)103K84K79K63K62K62K
Unrecorded Unconditional Purchase Obligation—$90M$103M$94M—$716M
PNC Risk of Loss—————$1.6B
Other Receivables—————$322M
Outstanding Accounts Receivable—————$17M
Contract Assets—————$32M
Maximum Future Payments under Debt Guarantees—————$44M
Future Equity Contribution Commitments—————$208M
Loan Commitment—————$392M
Equity Investment—————$540M
Purchase Commitments - Due Next Year—————$2B
Remainder of Fiscal Year 2024—$1.2B$1.2B$13M—$1.3B
Weighted-Average Discount Rate - Finance Leases6.0%6.0%6.0%6.0%6.0%6.0%

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$1.7B-$1.6B-$1.4B-$1.4B-$1.4B-$1.3B
Additional paid-in capital$20.9B$21.2B$21.3B$21.5B$21.6B$21.9B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$0$0$0$0$0$0
Distributions in excess of accumulated earnings$10.3B$10.8B$11.3B$11.7B$12.2B$12.7B
Retained earnings$4.7B$5.1B$5.5B$5.8B$6.1B$6.5B
Total liabilities and stockholders' equity$35.1B$36.1B$38.8B$38.1B$40.1B$40.9B
Total stockholders' equity$13.5B$13.9B$14.1B$14.2B$14.2B$14.3B
Treasury stock$39M$32M$30M$24M$24M$24M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Assets, Non-Current$113M$93M$102M$103M$126M$123M
Deferred Tax Assets and Other Non-Current Assets$2B$2.1B$2.2B$2.5B$2.7B$2.8B
Goodwill$5.5B$5.6B$6B$5.9B$6B$5.9B
Held-to-Maturity Debt Securities - Fair Value————$256M$171M
Net Investment in Lease$1.4B$1.5B$1.5B$1.4B$1.4B$1.3B
Intangible assets — net$1.4B$1.4B$1.4B$1.3B$1.3B$1.3B
Operating lease right-of-use assets$1.4B$1.5B$1.5B$1.4B$1.4B$1.3B
Other non-current assets$2B$2.1B$2.2B$2.5B$2.7B$2.8B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$527M$723M$872M$854M$1.5B$1.7B
Operating Lease Right-of-Use Assets in Other Assets$1.4B$1.5B$1.5B$1.4B$1.4B$1.3B
Property and equipment, net$19.2B$20B$21.2B$21.9B$23.6B$24.2B
Software and Technology Licenses, Net$2B$2.1B$2.2B$2.5B$2.7B$2.8B
Total assets$35.1B$36.1B$38.8B$38.1B$40.1B$40.9B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$150M$158M$164M$173M$170M$226M
Finance lease liabilities$2.1B$2.2B$2.2B$2.1B$2.2B$2.1B
Finance Lease Liabilities (Total)$2.3B$2.4B$2.4B$2.3B$2.4B$2.3B
Operating Lease Liability Payments - 2026 (Lessee)—$177M$181M$182M—$154M
Operating Lease Liability Payments - 2027 (Lessee)—$177M$181M$182M—$154M
Operating Lease Liability Payments - 2028 (Lessee)—$148M$152M$152M—$143M
Operating Lease Liability Payments - Thereafter (Lessee)—$1.2B$1.2B$1.2B—$1.1B
Long-term debt—$15.9B$18.1B$17.3B—$19.8B
Deferred revenue, net of current portion$150M$158M$164M$173M$170M$226M
Notes Payable - Fair Value————$17.3B$18.4B
Operating lease liabilities, non-current$1.3B$1.4B$1.4B$1.3B$1.3B$1.3B
Operating Lease Liabilities (Total)$1.5B$1.5B$1.5B$1.5B$1.5B$1.4B
Other non-current liabilities$760M$744M$932M$861M$983M$930M
Total liabilities$21.5B$22.2B$24.7B$23.9B$18.2B$18.6B