Snowflake (WBO:SNWF) Debt-to-Equity : 0.06 (As of Jan. 2024)

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What is Snowflake Debt-to-Equity?

Snowflake's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €31 Mil. Snowflake's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €233 Mil. Snowflake's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €4,756 Mil. Snowflake's debt to equity for the quarter that ended in Jan. 2024 was 0.06.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Snowflake's Debt-to-Equity or its related term are showing as below:

WBO:SNWF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.39 Med: 0.04 Max: 0.06
Current: 0.06

During the past 6 years, the highest Debt-to-Equity Ratio of Snowflake was 0.06. The lowest was -0.39. And the median was 0.04.

WBO:SNWF's Debt-to-Equity is ranked better than
75.2% of 2222 companies
in the Software industry
Industry Median: 0.21 vs WBO:SNWF: 0.06

Snowflake Debt-to-Equity Historical Data

The historical data trend for Snowflake's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Snowflake Debt-to-Equity Chart

Snowflake Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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-0.39

0.04

0.05

0.06

Snowflake Quarterly Data
	Jan19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.05	0.06	0.06	0.06

Competitive Comparison of Snowflake's Debt-to-Equity

For the Software - Application subindustry, Snowflake's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Snowflake's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Snowflake's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Snowflake's Debt-to-Equity falls into.

Snowflake Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Snowflake's Debt to Equity Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(31.161	+	233.206)	/	4755.523
	=	0.06

Snowflake's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(31.161	+	233.206)	/	4755.523
	=	0.06

Snowflake (WBO:SNWF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Snowflake Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Snowflake's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Snowflake (WBO:SNWF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Snowflake Inc (WBO:SNWF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SNOW:USA SNOW:Mexico 0A93:UK 5Q5:Germany S2NW34:Brazil

Address

106 East Babcock Street, Suite 3A, Bozeman, MT, USA, 59715

Website

https://www.snowflake.com

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.

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