CoinShares International Balance Sheet Health
Financial Health criteria checks 3/6
CoinShares International has a total shareholder equity of £290.5M and total debt of £101.7M, which brings its debt-to-equity ratio to 35%. Its total assets and total liabilities are £3.7B and £3.4B respectively. CoinShares International's EBIT is £255.0M making its interest coverage ratio -124.2. It has cash and short-term investments of £76.7M.
Key information
35.0%
Debt to equity ratio
UK£101.67m
Debt
| Interest coverage ratio | -124.2x |
| Cash | UK£76.73m |
| Equity | UK£290.49m |
| Total liabilities | UK£3.40b |
| Total assets | UK£3.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CS's short term assets (£3.7B) exceed its short term liabilities (£3.4B).
Long Term Liabilities: CS's short term assets (£3.7B) exceed its long term liabilities (£21.7M).
Debt to Equity History and Analysis
Debt Level: CS's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: CS's debt to equity ratio has increased from 0.8% to 35% 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: CS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.