DeFi Technologies Balance Sheet Health
Financial Health criteria checks 1/6
DeFi Technologies has a total shareholder equity of CA$18.4M and total debt of CA$56.2M, which brings its debt-to-equity ratio to 304.8%. Its total assets and total liabilities are CA$592.0M and CA$573.5M respectively.
Key information
304.8%
Debt to equity ratio
CA$56.21m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.73m |
| Equity | CA$18.44m |
| Total liabilities | CA$573.52m |
| Total assets | CA$591.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R9B's short term assets (CA$497.5M) do not cover its short term liabilities (CA$573.5M).
Long Term Liabilities: R9B has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: R9B's net debt to equity ratio (268.3%) is considered high.
Reducing Debt: R9B's debt to equity ratio has increased from 0% to 304.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: R9B has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: R9B has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.8% each year