DeFi Technologies (NEOE:DEFI) Cash-to-Debt : 6.52 (As of Mar. 2024)

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What is DeFi Technologies Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. DeFi Technologies's cash to debt ratio for the quarter that ended in Mar. 2024 was 6.52.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, DeFi Technologies could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for DeFi Technologies's Cash-to-Debt or its related term are showing as below:

NEOE:DEFI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: No Debt Max: 15512.5
Current: 6.52

During the past 13 years, DeFi Technologies's highest Cash to Debt Ratio was 15512.50. The lowest was 0.08. And the median was No Debt.

NEOE:DEFI's Cash-to-Debt is ranked better than
61.92% of 780 companies
in the Capital Markets industry
Industry Median: 2.245 vs NEOE:DEFI: 6.52

DeFi Technologies Cash-to-Debt Historical Data

The historical data trend for DeFi Technologies's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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DeFi Technologies Cash-to-Debt Chart

DeFi Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

15,512.50

0.09

0.66

DeFi Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.42	0.54	0.27	0.66	6.52

Competitive Comparison of DeFi Technologies's Cash-to-Debt

For the Capital Markets subindustry, DeFi Technologies's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DeFi Technologies's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, DeFi Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where DeFi Technologies's Cash-to-Debt falls into.

DeFi Technologies Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

DeFi Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	37.244	/	(56.211	+	0)
	=	0.66

DeFi Technologies's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	375.686	/	(57.588	+	0)
	=	6.52

DeFi Technologies (NEOE:DEFI) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

DeFi Technologies Cash-to-Debt Related Terms

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DeFi Technologies (NEOE:DEFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DeFi Technologies Inc (NEOE:DEFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DEFTF:USA R9B:Germany

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.valour.com

DeFi Technologies Inc formerly Valour Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies, and protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets and offering node management of decentralized protocols to support governance, security and transaction validation. The Company has 3 operating business segments; Canada, Bermuda, and the Cayman Islands.

Executives

Wouter Witvoet

Senior Officer