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$98.4M making its interest coverage ratio 19.8. 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 | 19.8x |
| 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: DEFT.F's short term assets (CA$832.1M) exceed its short term liabilities (CA$789.8M).
Long Term Liabilities: DEFT.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: DEFT.F has more cash than its total debt.
Reducing Debt: DEFT.F's debt to equity ratio has increased from 0% to 9.7% over the past 5 years.
Debt Coverage: DEFT.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DEFT.F's interest payments on its debt are well covered by EBIT (19.8x coverage).