Equinix Inc
EQIXCompany Overview
Equinix, Inc. engages in the provision of collocation space and develops data center solutions. The firm offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific. The company was founded by Jay Steven Adelson and Albert M. Avery, IV on June 22, 1998, and is headquartered in Redwood City, CA.
Country
US
Market Cap
$77.71B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
70.16%
failed
Liabilities Compliance
22.48%
passed
Final Shariah Status
Failed
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Stock Information
| Name | Equinix Inc |
| Ticker | EQIX |
| Main Business | REIT—Specialty |
| Type | REIT |
| Industry | REIT—Specialty |
| Country | US |
| Market Cap | $77.71 B |
Shariah Analysis Breakdown
Business compliance Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Revenue | $7,260.0 | $5,082.6 | include hedging |
| Interest income | $36.3 | $36.3 | - |
| Gain (loss) on debt extinguishment | $0.0 | $0.0 | - |
| Total | $7,296.3 | $5,118.9 | 70.16% (failed) |
Liabilities Compliance Breakdown
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| current debt and capital lease obligation | $1,280,000,000.0 | 1.65% |
| long term debt and capital lease obligation | $16,180,000,000.0 | 20.82% |
| derivative product liabilities | $7,610,000.0 | 0.01% |
| Total Interest-Bearing Debt | $17,467,610,000.0 | 22.48% |
| Market Capitalization | $77,712,081,100.0 | 100.00% |
| Compliance Status | Threshold: 33% | passed |