DeFi Technologies Balance Sheet Health
Financial Health criteria checks 4/6
DeFi Technologies has a total shareholder equity of CA$139.2M and total debt of CA$13.5M, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are CA$929.0M and CA$789.8M respectively. DeFi Technologies's EBIT is CA$93.9M making its interest coverage ratio 18.9. It has cash and short-term investments of CA$20.7M.
Key information
9.7%
Debt to equity ratio
CA$13.50m
Debt
| Interest coverage ratio | 18.9x |
| Cash | CA$20.70m |
| Equity | CA$139.20m |
| Total liabilities | CA$789.76m |
| Total assets | CA$928.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R9B's short term assets (CA$832.1M) exceed its short term liabilities (CA$789.8M).
Long Term Liabilities: R9B has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: R9B has more cash than its total debt.
Reducing Debt: R9B's debt to equity ratio has increased from 0% to 9.7% over the past 5 years.
Debt Coverage: R9B's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: R9B's interest payments on its debt are well covered by EBIT (18.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 11:32 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
DeFi Technologies Inc. is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Palmer | Benchmark Company |
| Harold Goetsch | B. Riley Securities, Inc. |
| Mark Palmer | BTIG |