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 ratio | 17.5x |
| Cash | CA$19.53m |
| Equity | CA$103.25m |
| Total liabilities | CA$784.50m |
| Total assets | CA$887.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DEFT.F's short term assets (CA$793.7M) exceed its short term liabilities (CA$784.5M).
Long Term Liabilities: DEFT.F'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: DEFT.F has more cash than its total debt.
Reducing Debt: DEFT.F's debt to equity ratio has increased from 0% to 17.2% 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 (17.5x coverage).