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

Equinix, Inc. (EQIX) reported emea — operating lease right of use asset of $437.87M in Q3 2023.

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

Equinix, Inc.'s emea — operating lease right of use asset increased by 8.1% year-over-year, from $405.17M to $437.87M.

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

The balance sheet value of the company's right to use leased properties and equipment in the EMEA region.

Discontinued — last reported Q3 '23

Geographic · Operating Lease Right Of Use Asset

EMEA — Operating Lease Right Of Use Asset

Equinix, Inc. EMEA — Operating Lease Right Of Use Asset decreased by 2.2% to $437.87M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 8.1%, from $405.17M to $437.87M.

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 a growing reliance on leased facilities to expand capacity, whereas a decrease may indicate a strategic shift toward owning assets or the expiration of major lease contracts.

Detailed definition

This metric represents the capitalized value of the right to use leased assets, such as data center buildings or land, w...

Peer comparison

Comparable to lease liability and right-of-use asset disclosures under IFRS 16 or ASC 842 for companies with significant real estate lease portfolios.

Metric ID: eqix_segment_emea_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	$502.24M	$478.42M	$470.33M	$455.05M	$438.35M	$405.17M	$440.14M	$450.46M	$447.58M	$437.87M
QoQ Change	—	-4.7%	-1.7%	-3.2%	-3.7%	-7.6%	+8.6%	+2.3%	-0.6%	-2.2%
YoY Change	—	—	—	—	-12.7%	-15.3%	-6.4%	-1.0%	+2.1%	+8.1%

Range$405.17M – $502.24M

CAGR-5.9%

Avg YoY Growth-4.2%

Median YoY Growth-3.7%

Current Streak2 quarters decline

Similar Metrics at Other Companies

F5, Inc.FFIV View metric

Zoom Video Communications, Inc.ZM View metric

Mettler-Toledo International, Inc.MTD View metric

Expeditors International of WashingtonEXPD View metric

Digital RealtyDLR View metric

Frequently Asked Questions

What is Equinix, Inc.'s emea — operating lease right of use asset?: Equinix, Inc. (EQIX) reported emea — operating lease right of use asset of $437.87M in Q3 2023.
How has Equinix, Inc.'s emea — operating lease right of use asset changed year-over-year?: Equinix, Inc.'s emea — operating lease right of use asset increased by 8.1% year-over-year, from $405.17M to $437.87M.
What does emea — operating lease right of use asset mean?: The balance sheet value of the company's right to use leased properties and equipment in the EMEA region.