CoinSmart Financial Inc
CoinSmart Financial Inc., a fintech company, operates online crypto asset trading platform in Canada, Europe, and the United States. Its platform provides a secure and intuitive platform for trading crypto assets. CoinSmart Financial Inc. is headquartered in Toronto, Canada.
CoinSmart Financial Inc (SMRT) - Total Assets
Latest total assets as of March 2023: CA$69.78 Million CAD
Based on the latest financial reports, CoinSmart Financial Inc (SMRT) holds total assets worth CA$69.78 Million CAD as of March 2023.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
CoinSmart Financial Inc - Total Assets Trend (2020–2022)
This chart illustrates how CoinSmart Financial Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
CoinSmart Financial Inc - Asset Composition Analysis
Current Asset Composition (December 2022)
CoinSmart Financial Inc's total assets of CA$69.78 Million consist of 99.1% current assets and 0.9% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 47.4% |
| Accounts Receivable | CA$0.00 | 0.0% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$452.67K | 0.9% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2020–2022)
This chart illustrates how CoinSmart Financial Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: CoinSmart Financial Inc's current assets represent 99.1% of total assets in 2022, an increase from 98.8% in 2020.
- Cash Position: Cash and equivalents constituted 47.4% of total assets in 2022, up from 39.7% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is property, plant & equipment at 0.9% of total assets.
CoinSmart Financial Inc Competitors by Total Assets
Key competitors of CoinSmart Financial Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
WebCash Corporation
KQ:053580
|
Korea | ₩131.02 Billion |
|
ITeyes Inc.
KQ:372800
|
Korea | ₩47.83 Billion |
|
WhiteSmoke Software Ltd
TA:WSMK
|
Israel | ILA3.75 Million |
|
Constellation Capital Corp.
V:CNST-P
|
Canada | CA$627.53K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Little Fish Acquisition I Corp.
V:LILL-P
|
Canada | CA$56.48K |
|
Chicane Capital I Corp.
V:CCIC-P
|
Canada | CA$199.07K |
|
Cuspis Capital II Ltd
V:CCII-P
|
Canada | CA$1.51 Million |
CoinSmart Financial Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - CoinSmart Financial Inc generates 0.23x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - CoinSmart Financial Inc is currently not profitable relative to its asset base.
CoinSmart Financial Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.14 | 1.22 | 1.06 |
| Quick Ratio | 1.14 | 1.22 | 1.06 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$8.45 Million | CA$ 16.92 Million | CA$ 2.86 Million |
CoinSmart Financial Inc - Advanced Valuation Insights
This section examines the relationship between CoinSmart Financial Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.51 |
| Latest Market Cap to Assets Ratio | 0.09 |
| Asset Growth Rate (YoY) | -35.6% |
| Total Assets | CA$53.46 Million |
| Market Capitalization | $4.81 Million USD |
Valuation Analysis
Below Book Valuation: The market values CoinSmart Financial Inc's assets below their book value (0.09 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: CoinSmart Financial Inc's assets decreased by 35.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for CoinSmart Financial Inc (2020–2022)
The table below shows the annual total assets of CoinSmart Financial Inc from 2020 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | CA$53.46 Million | -35.59% |
| 2021-12-31 | CA$83.00 Million | +514.49% |
| 2020-12-31 | CA$13.51 Million | -- |