Bitfarms Balance Sheet Health
Financial Health criteria checks 4/6
Bitfarms has a total shareholder equity of $365.4M and total debt of $1.6M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are $426.5M and $61.1M respectively.
Key information
0.4%
Debt to equity ratio
US$1.64m
Debt
Interest coverage ratio | n/a |
Cash | US$65.96m |
Equity | US$365.41m |
Total liabilities | US$61.06m |
Total assets | US$426.47m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BITF's short term assets ($137.3M) exceed its short term liabilities ($45.5M).
Long Term Liabilities: BITF's short term assets ($137.3M) exceed its long term liabilities ($15.5M).
Debt to Equity History and Analysis
Debt Level: BITF has more cash than its total debt.
Reducing Debt: BITF's debt to equity ratio has reduced from 29.6% to 0.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BITF has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: BITF has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.4% each year