The company's financial leverage has escalated significantly, with total debt rising to $2.8 billion and the current ratio compressing to 1.00 as of 2027Q1.
| Total Current Assets | 3.76B | 5.74B | 5.77B | 5.04B | 4.98B | 4.6B | 4.3B | 665.19M | 698.95M |
| Cash & Short-Term Investments | 2.95B | 4.03B | 4.64B | 3.85B | 4.01B | 3.85B | 3.91B | 434.05M | 608.8M |
| Cash Only | 2.08B | 2.83B | 2.63B | 1.76B | 939.9M | 1.09B | 820.18M | 127.21M | 116.54M |
| Short-Term Investments | 870.28M | 1.2B | 2.01B | 2.08B | 3.07B | 2.77B | 3.09B | 306.84M | 492.26M |
| Accounts Receivable | 601.02M | 1.32B | 946.4M | 926.9M | 715.82M | 545.63M | 294.02M | 179.46M | 63.36M |
| Days Sales Outstanding | 64.42 | 102.91 | 95.26 | 120.55 | 126.48 | 163.33 | 181.26 | 247.41 | 239.24 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 208.2M | 409.19M | 187.63M | 266.11M | 261M | 65.5M | 47.57M | 26.36M | 11.61M |
| Total Non-Current Assets | 4.79B | 3.39B | 3.26B | 3.18B | 2.74B | 2.05B | 1.62B | 347.53M | 65.34M |
| Property, Plant & Equipment | 522.07M | 523.51M | 655.83M | 499.59M | 392.09M | 295.44M | 255.79M | 223.11M | 22.76M |
| Fixed Asset Turnover | 9.53x | 8.95x | 5.53x | 5.62x | 5.27x | 4.13x | 2.31x | 1.19x | 4.25x |
| Goodwill | 1.54B | 1.19B | 1.06B | 975.91M | 657.37M | 8.45M | 8.45M | 7.05M | 0 |
| Intangible Assets | 451.36M | 246.92M | 278.03M | 331.41M | 186.01M | 37.14M | 16.09M | 4.79M | 20K |
| Long-Term Investments | 5.3B | 755.01M | 957.71M | 1.15B | 1.07B | 1.26B | 1.17B | 23.53M | 0 |
| Other Non-Current Assets | 493.4M | 670.08M | 314.1M | 226.54M | 429.14M | 453.82M | 89.32M | 19.52M | 42.56M |
| Total Assets | 8.55B | 9.13B | 9.03B | 8.22B | 7.72B | 6.65B | 5.92B | 1.01B | 764.29M |
| Asset Turnover | 0.59x | 0.51x | 0.40x | 0.34x | 0.27x | 0.18x | 0.10x | 0.26x | 0.13x |
| Asset Growth % | 24.34% | 1.09% | 9.86% | 6.49% | 16.13% | 12.29% | 484.74% | 32.51% | - |
| Total Current Liabilities | 3.78B | 4.42B | 3.3B | 2.73B | 1.99B | 1.4B | 789.26M | 416.45M | 144.91M |
| Accounts Payable | 55.06M | 145.56M | 169.77M | 51.72M | 23.67M | 13.44M | 5.65M | 8.49M | 8.26M |
| Days Payables Outstanding | 30.96 | 34.55 | 51.01 | 21.01 | 12.04 | 10.7 | 8.5 | 26.58 | 58.24 |
| Short-Term Debt | 55.78M | 49.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 10.89B | 3.35B | 2.58B | 2.2B | 1.67B | 1.16B | 638.65M | 327.06M | 104.02M |
| Other Current Liabilities | 529.67M | 470.12M | 329.75M | 285.35M | 173.51M | 147.06M | 100.82M | 46.48M | 20.35M |
| Current Ratio | 1.00x | 1.30x | 1.75x | 1.85x | 2.50x | 3.29x | 5.45x | 1.60x | 4.82x |
| Quick Ratio | 1.00x | 1.30x | 1.75x | 1.85x | 2.50x | 3.29x | 5.45x | 1.60x | 4.82x |
| Cash Conversion Cycle | 33.45 | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 2.84B | 2.79B | 2.73B | 301.56M | 260.19M | 203.56M | 196M | 1.14B | 931.85M |
| Long-Term Debt | 2.28B | 2.28B | 2.27B | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.59B | 411.69M | 377.82M | 254.04M | 224.36M | 181.2M | 184.89M | 193.18M | 12.54M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 95.27M | 80.75M | 61.26M | 33.12M | 24.37M | 11.18M | 6.92M | 944.94M | 916.32M |
| Total Liabilities | 6.61B | 7.21B | 6.03B | 3.03B | 2.25B | 1.6B | 985.27M | 1.56B | 1.08B |
| Total Debt | 2.77B | 2.74B | 2.69B | 287.98M | 251.66M | 206.3M | 204.54M | 211.27M | 16.66M |
| Net Debt | 687.38M | -87.05M | 56.47M | -1.47B | -688.24M | -879.43M | -615.64M | 84.06M | -99.88M |
| Debt / Equity | 1.43x | 1.42x | 0.89x | 0.06x | 0.05x | 0.04x | 0.04x | - | - |
| Debt / EBITDA | -2.58x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.64x | - | - | - | - | - | - | - | - |
| Interest Coverage | -141.57x | -157.10x | -464.78x | - | - | - | - | - | - |
| Total Equity | 1.94B | 1.92B | 3.01B | 5.19B | 5.47B | 5.05B | 4.94B | -544.76M | -312.47M |
| Equity Growth % | -125.48% | -36% | -42.08% | -5.08% | 8.31% | 2.28% | 1006.18% | -74.34% | - |
| Book Value per Share | 5.62 | 5.70 | 9.04 | 15.82 | 17.16 | 16.81 | 17.15 | -1.97 | -1.31 |
| Total Shareholders' Equity | 1.94B | 1.92B | 3B | 5.18B | 5.46B | 5.05B | 4.94B | -544.76M | -312.47M |
| Common Stock | 34K | 34K | 34K | 34K | 32K | 31K | 28K | 6K | 5K |
| Retained Earnings | -10.09B | -9.49B | -7.29B | -4.08B | -2.72B | -1.92B | -1.24B | -700.32M | -351.78M |
| Treasury Stock | -53.26M | -54.49M | -59.51M | -67.14M | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -3.64M | 3.34M | -2.24M | -8.22M | -38.27M | -16.29M | 439K | 216K | 16K |
| Minority Interest | 0 | 0 | 6.71M | 10.29M | 12.18M | 0 | 0 | 0 | 0 |
Rising Debt and Dilution
As reported in recent financial statements, Snowflake's total debt has surged from approximately $288 million in 2024Q4 to $2.8 billion by 2027Q1, reflecting a significant shift toward debt-funded operations that warrants close monitoring by investors concerned with the company's long-term capital structure and interest coverage.
The rapid expansion of the debt load, coupled with a D/E ratio that has climbed to 1.43, suggests that the company is increasingly relying on external financing to support its growth initiatives. This transition from a nearly debt-free position to a leveraged balance sheet may indicate that internal cash generation is insufficient to cover both aggressive R&D spending and capital allocation priorities.
Based on the company's reported figures, the current ratio has tightened from 1.85 in 2024Q4 to 1.00 in 2027Q1, indicating that the company's ability to cover short-term obligations with current assets has diminished significantly as cash reserves are deployed and liabilities mount.
While a current ratio of 1.00 technically suggests the company can meet its immediate obligations, the downward trend is concerning given the volatility inherent in the consumption-based revenue model. Investors should monitor whether this liquidity compression limits the company's flexibility to navigate potential downturns in enterprise cloud spending.
According to the balance sheet data, retained earnings have deteriorated to a deficit of $10.1 billion as of 2027Q1, a trend that underscores the persistent GAAP losses and the ongoing reliance on equity-based compensation to attract and retain talent in a competitive market.
The consistent deepening of the retained earnings deficit suggests that the company's business model has yet to reach a point of self-sustaining profitability. This erosion of equity quality highlights the risk that shareholder value may continue to be diluted if the company cannot transition toward positive GAAP earnings.
As disclosed in recent filings, goodwill has increased to $1.5 billion by 2027Q1, representing a growing portion of total assets that may be subject to future impairment charges if recent acquisitions fail to deliver the expected synergies or market share expansion.
The accumulation of goodwill suggests that the company is using inorganic growth to supplement its platform capabilities, which introduces execution risk. If the integration of these acquired technologies does not yield the anticipated competitive advantages, the balance sheet could face significant write-downs that would further impact the already strained equity position.
Quick answers to the most common questions about buying SNOW stock.
As of 2026, Snowflake Inc. (SNOW) had total assets of $9.13B including $5.74B in current assets.
Snowflake Inc. (SNOW) carries total debt of $2.74B, offset by $4.03B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Snowflake Inc. (SNOW) has total shareholders' equity (book value) of $1.92B ($5.70 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Snowflake Inc. (SNOW) reported a current ratio of 1.30x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.