How much debt does Shift Technologies have?

According to Shift Technologies's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

Shift Technologies's total debt stands at $246.30M. This is broken down into:

• Long-term debt: $212.34M
• Short-term debt: $33.97M

The company's net debt, which accounts for cash and cash equivalents, is $150.15M. In terms of overall financial obligations, Shift Technologies's total liabilities amount to $307.80M.

Debt Ratios and Metrics

To better understand Shift Technologies's debt position, we can look at several key ratios:

• Debt to Equity Ratio: -4.12 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 99.31% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: -18.19 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: 139.19% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 132.05% - this indicates the total debt in the company's capital structure.

These metrics provide insight into Shift Technologies's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.