CoinShares International Balance Sheet Health
Financial Health criteria checks 4/6
CoinShares International has a total shareholder equity of £267.4M and total debt of £85.2M, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are £3.3B and £3.1B respectively. CoinShares International's EBIT is £355.1M making its interest coverage ratio -199.3. It has cash and short-term investments of £43.1M.
Key information
31.9%
Debt to equity ratio
UK£85.22m
Debt
| Interest coverage ratio | -199.3x |
| Cash | UK£43.10m |
| Equity | UK£267.39m |
| Total liabilities | UK£3.06b |
| Total assets | UK£3.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CS's short term assets (£3.3B) exceed its short term liabilities (£3.0B).
Long Term Liabilities: CS's short term assets (£3.3B) exceed its long term liabilities (£21.7M).
Debt to Equity History and Analysis
Debt Level: CS's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: CS's debt to equity ratio has increased from 0.8% to 31.9% 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 sufficient cash runway for more than a year 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 12:32 |
| 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
CoinShares International Limited is covered by 4 analysts. 2 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 |
|---|---|
| null null | ABG Sundal Collier Sponsored |
| Mark Palmer | BTIG |
| Kevin Dede | H.C. Wainwright & Co. |