Bitfarms Balance Sheet Health
Financial Health criteria checks 6/6
Bitfarms has a total shareholder equity of $294.8M and total debt of $4.0M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are $378.7M and $84.0M respectively.
Key information
1.4%
Debt to equity ratio
US$4.02m
Debt
| Interest coverage ratio | n/a |
| Cash | US$84.04m |
| Equity | US$294.76m |
| Total liabilities | US$83.96m |
| Total assets | US$378.73m |
Recent financial health updates
Is Bitfarms (TSE:BITF) Using Too Much Debt?
Sep 05
Is Bitfarms (TSE:BITF) A Risky Investment?
Jun 02Bitfarms (CVE:BITF) Has A Pretty Healthy Balance Sheet
Mar 29Here's Why Bitfarms (CVE:BITF) Can Manage Its Debt Responsibly
Dec 14Recent updates
Bitfarms Ltd.'s (TSE:BITF) 25% Jump Shows Its Popularity With Investors
Mar 01Is Bitfarms (TSE:BITF) Using Too Much Debt?
Sep 05Is Bitfarms (TSE:BITF) A Risky Investment?
Jun 02Bitfarms Ltd.'s (TSE:BITF) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Apr 17Returns On Capital Signal Tricky Times Ahead For Bitfarms (TSE:BITF)
Jan 10Is There Now An Opportunity In Bitfarms Ltd. (TSE:BITF)?
Apr 25Bitfarms (CVE:BITF) Has A Pretty Healthy Balance Sheet
Mar 29Returns On Capital At Bitfarms (CVE:BITF) Paint A Concerning Picture
Jan 09Here's Why Bitfarms (CVE:BITF) Can Manage Its Debt Responsibly
Dec 14Financial Position Analysis
Short Term Liabilities: BITF's short term assets ($130.0M) exceed its short term liabilities ($69.2M).
Long Term Liabilities: BITF's short term assets ($130.0M) exceed its long term liabilities ($14.8M).
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 8.3% to 1.4% 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 sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: BITF is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.