BILL Holdings

BILL Cloud & Enterprise Software 1/10 Low Risk

1/10

↓ 5 → 1 over 22 weeks

Sector avg: 1.7/10

BILL Holdings carries $1.8B in long-term debt, with $1.5B in scheduled principal maturities. BILL shows negative interest coverage (-5.3x), indicating operating losses exceed interest costs. DebtCanary scores BILL at 1/10, suggesting manageable refinancing risk.

Maturity Schedule

As of 2026-03-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.

Period	Amount Due	% of Total
Year 1 (0-12 months)	N/A	N/A
Year 2 (12-24 months)	N/A	N/A
Year 3 (24-36 months)	N/A	N/A
Year 4 (36-48 months)	N/A	N/A
Year 5 (48-60 months)	N/A	N/A
Beyond 5 Years	$1.5B	100.0%
Total Scheduled Maturities	$1.5B	100.0%

Why don't these totals match? Total scheduled maturities ($1.5B) falls short of balance-sheet long-term debt ($1.8B) by about 18%. The two figures come from different disclosures: the maturity schedule aggregates gross principal repayments from the debt footnote — typically including the current portion of long-term debt and sometimes finance leases — while balance-sheet long-term debt is a carrying value that excludes the current portion and is net of unamortized discounts, premiums, and issuance costs. They can also come from filings with different period-end dates (2026-03-31 vs 2026-03-31). Both numbers are shown exactly as reported to the SEC.

Key Metrics

Total Long-Term Debt

$1.8B

Near-Term (12mo)

N/A

Interest Coverage

-5.3x

Debt/Equity

0.48

Cash Coverage

N/A

Operating Income

-$81M

EBITDA

-$53M

EBITDA / Interest

-3.5x

How This Score Was Computed

Weighted average of 2 scored components (raw 1.00, rounded to 1). Weights of skipped components are redistributed proportionally among those scored.

Component	Value	Sub-Score	Weight Used
Near-Term Maturity Concentration No Year-1 maturity bucket was reported in recent filings.	N/A	—	not scored
Interest Coverage Ratio Show calculation Operating income / Interest expense Operating income: -$81M Interest expense: $15M GAAP operating income is negative while operating cash flow is positive (commonly stock-based compensation). The sub-score uses cash-flow coverage of 23.1x ($351M operating cash flow / $15M interest) so a non-cash loss doesn't read as debt distress. The displayed ratio stays GAAP.	-5.30x	1/10	50%
Debt-to-Equity Ratio Show calculation Long-term debt / Stockholders' equity Long-term debt: $1.8B Stockholders' equity: $3.8B	0.48	1/10	50%
Cash Coverage of Near-Term Debt No near-term debt obligation was reported (no Year-1 maturity bucket and no balance-sheet short-term debt).	N/A	—	not scored
Cash Runway Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.	N/A	—	not scored

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from BILL Holdings's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date	Form	Details
2026-05-26	8-K	Officer / Director Change, Reg FD Disclosure
2026-05-08	10-Q	Quarterly report
2026-05-07	8-K	Earnings Results, Restructuring Costs, Reg FD Disclosure
2026-03-16	8-K	Officer / Director Change
2026-02-06	10-Q	Quarterly report
2026-02-05	8-K	Earnings Results
2026-01-26	8-K	Officer / Director Change
2025-12-16	8-K	Officer / Director Change

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-05-08. Data last fetched: 2026-07-26. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for BILL Holdings →