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

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What is DeFi Technologies Debt-to-Equity?

DeFi Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$57.59 Mil. DeFi Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. DeFi Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$8.83 Mil. DeFi Technologies's debt to equity for the quarter that ended in Mar. 2024 was 6.52.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

NEOE:DEFI' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.95 Med: 2.5 Max: 3.05
Current: 3.05

During the past 13 years, the highest Debt-to-Equity Ratio of DeFi Technologies was 3.05. The lowest was 1.95. And the median was 2.50.

NEOE:DEFI's Debt-to-Equity is ranked worse than
92.92% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs NEOE:DEFI: 3.05

DeFi Technologies Debt-to-Equity Historical Data

The historical data trend for DeFi Technologies's Debt-to-Equity 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.

* Premium members only.

DeFi Technologies Debt-to-Equity Chart

DeFi Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.95

3.05

DeFi Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.58	1.43	1.84	3.05	6.52

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

For the Capital Markets subindustry, DeFi Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Capital Markets Industry

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

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

DeFi Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(56.211	+	0)	/	18.449
	=	3.05

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(57.588	+	0)	/	8.83
	=	6.52

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

DeFi Technologies Debt-to-Equity 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 » Debt-to-Equity

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.