What is Equinix, Inc.'s americas — operating lease right of use asset?

Equinix, Inc. (EQIX) reported americas — operating lease right of use asset of $422.47M in Q3 2023.

How has Equinix, Inc.'s americas — operating lease right of use asset changed year-over-year?

Equinix, Inc.'s americas — operating lease right of use asset increased by 57.1% year-over-year, from $268.97M to $422.47M.

What does americas — operating lease right of use asset mean?

The balance sheet value of the company's right to use leased properties in the Americas.

Discontinued — last reported Q3 '23

Geographic · Operating Lease Right Of Use Asset

Americas — Operating Lease Right Of Use Asset

Equinix, Inc. Americas — Operating Lease Right Of Use Asset increased by 3.8% to $422.47M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 57.1%, from $268.97M to $422.47M.

Analysis

StatementSegment

CategoryLeverage

SignalContext dependent

VolatilityStable

First reportedQ4 2019

Last reportedQ3 2023Oct 27, 2023

Rolls up toOperating Lease ROU Assets

How to read this metric

An increase suggests the company is expanding its footprint through leasing rather than ownership, which may impact future cash flow obligations and leverage ratios.

Detailed definition

This metric represents the capitalized value of the right to use leased real estate or equipment for the duration of a l...

Peer comparison

Comparable to right-of-use asset reporting for any company with significant lease obligations under ASC 842 or IFRS 16.

Metric ID: eqix_segment_americas_operating_lease_right_of_use_asset

Historical Data

10 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23
Value	$326.24M	$313.59M	$297.30M	$286.50M	$281.44M	$268.97M	$263.15M	$252.02M	$407.04M	$422.47M
QoQ Change	—	-3.9%	-5.2%	-3.6%	-1.8%	-4.4%	-2.2%	-4.2%	+61.5%	+3.8%
YoY Change	—	—	—	—	-13.7%	-14.2%	-11.5%	-12.0%	+44.6%	+57.1%

Range$252.02M – $422.47M

CAGR+12.2%

Avg YoY Growth+8.4%

Median YoY Growth-11.8%

Current Streak2 quarters growth

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Frequently Asked Questions

What is Equinix, Inc.'s americas — operating lease right of use asset?: Equinix, Inc. (EQIX) reported americas — operating lease right of use asset of $422.47M in Q3 2023.
How has Equinix, Inc.'s americas — operating lease right of use asset changed year-over-year?: Equinix, Inc.'s americas — operating lease right of use asset increased by 57.1% year-over-year, from $268.97M to $422.47M.
What does americas — operating lease right of use asset mean?: The balance sheet value of the company's right to use leased properties in the Americas.