DeFi Technologies Balance Sheet Health

Financial Health criteria checks 3/6

DeFi Technologies has a total shareholder equity of CA$103.2M and total debt of CA$17.8M, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are CA$887.7M and CA$784.5M respectively. DeFi Technologies's EBIT is CA$92.1M making its interest coverage ratio 17.5. It has cash and short-term investments of CA$19.5M.

Key information

17.2%

Debt to equity ratio

CA$17.79m

Debt

Interest coverage ratio17.5x
CashCA$19.53m
EquityCA$103.25m
Total liabilitiesCA$784.50m
Total assetsCA$887.74m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: R9B's short term assets (CA$793.7M) exceed its short term liabilities (CA$784.5M).

Long Term Liabilities: R9B's short term assets (CA$793.7M) do not cover its long term liabilities (CA$-1.0).


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 17.2% 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 (17.5x coverage).


Balance Sheet


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