ServiceNow Balance Sheet Health
Financial Health criteria checks 6/6
ServiceNow has a total shareholder equity of $8.1B and total debt of $1.5B, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are $17.5B and $9.4B respectively. ServiceNow's EBIT is $950.0M making its interest coverage ratio -3. It has cash and short-term investments of $5.1B.
Key information
18.4%
Debt to equity ratio
US$1.49b
Debt
Interest coverage ratio | -3x |
Cash | US$5.11b |
Equity | US$8.11b |
Total liabilities | US$9.44b |
Total assets | US$17.54b |
Recent financial health updates
ServiceNow (NYSE:NOW) Has A Rock Solid Balance Sheet
Mar 30Is ServiceNow (NYSE:NOW) A Risky Investment?
Oct 08Is ServiceNow (NYSE:NOW) Using Too Much Debt?
Jun 20Is ServiceNow (NYSE:NOW) Using Too Much Debt?
Mar 21Recent updates
ServiceNow Is A Generative AI Winner And Compounder
May 13ServiceNow, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Apr 26ServiceNow Q1 Earnings Preview: Solid Fundamentals, But Stock Is Likely Capped
Apr 22ServiceNow: One Of Our Top Picks For The Coming Decade
Apr 13ServiceNow (NYSE:NOW) Has A Rock Solid Balance Sheet
Mar 30ServiceNow: Leading In Enterprise AI, But Watch The Premium Valuation
Mar 20What You Can Learn From ServiceNow, Inc.'s (NYSE:NOW) P/S
Mar 18ServiceNow, Inc.'s (NYSE:NOW) Intrinsic Value Is Potentially 29% Above Its Share Price
Mar 06ServiceNow: Successfully Absorbing Global Digital Transformation
Mar 06What Is ServiceNow, Inc.'s (NYSE:NOW) Share Price Doing?
Feb 23ServiceNow: The Case For More Upside Even From Here
Feb 02Shareholders Can Be Confident That ServiceNow's (NYSE:NOW) Earnings Are High Quality
Feb 01Results: ServiceNow, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Jan 27ServiceNow Q4 Review: Solid Report, But Valuation Is Out Of Step With Reality
Jan 24ServiceNow (NYSE:NOW) Is Doing The Right Things To Multiply Its Share Price
Jan 11ServiceNow: Commercially Interesting, But Dangerous Pitch At 15x EV/Sales
Dec 31ServiceNow, Inc.'s (NYSE:NOW) P/S Is On The Mark
Dec 18ServiceNow: This Is A True One Of A Kind
Nov 28Is Now The Time To Put ServiceNow (NYSE:NOW) On Your Watchlist?
Nov 20Why ServiceNow, Inc. (NYSE:NOW) Could Be Worth Watching
Oct 23ServiceNow: Stellar Revenue Growth And Profitability Expansion
Oct 23Is ServiceNow (NYSE:NOW) A Risky Investment?
Oct 08Calculating The Fair Value Of ServiceNow, Inc. (NYSE:NOW)
Sep 26ServiceNow: Positioned To Thrive In Digital Transformation
Sep 18We Like These Underlying Return On Capital Trends At ServiceNow (NYSE:NOW)
Aug 30ServiceNow: Generative AI Pick With 20% Revenue Growth And 30% FCF Margins
Aug 18Do ServiceNow's (NYSE:NOW) Earnings Warrant Your Attention?
Aug 17Is It Time To Consider Buying ServiceNow, Inc. (NYSE:NOW)?
Jul 24ServiceNow: AI Hype Has Powered The Stock This Year
Jul 19Is ServiceNow (NYSE:NOW) Using Too Much Debt?
Jun 20ServiceNow: Stock Is Fairly Valued
Jun 18ServiceNow Unleashes AI, Innovation To Strengthen Competitive Advantage
May 24Estimating The Fair Value Of ServiceNow, Inc. (NYSE:NOW)
May 16ServiceNow (NYSE:NOW) Is Doing The Right Things To Multiply Its Share Price
May 02With ServiceNow, Inc. (NYSE:NOW) It Looks Like You'll Get What You Pay For
Apr 19Is ServiceNow (NYSE:NOW) Using Too Much Debt?
Mar 21Financial Position Analysis
Short Term Liabilities: NOW's short term assets ($7.4B) exceed its short term liabilities ($7.0B).
Long Term Liabilities: NOW's short term assets ($7.4B) exceed its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: NOW has more cash than its total debt.
Reducing Debt: NOW's debt to equity ratio has reduced from 56.1% to 18.4% over the past 5 years.
Debt Coverage: NOW's debt is well covered by operating cash flow (257.9%).
Interest Coverage: NOW earns more interest than it pays, so coverage of interest payments is not a concern.