Bitcoin Well Balance Sheet Health
Financial Health criteria checks 2/6
Bitcoin Well has a total shareholder equity of CA$-11.2M and total debt of CA$27.4M, which brings its debt-to-equity ratio to -244.9%. Its total assets and total liabilities are CA$17.2M and CA$28.4M respectively.
Key information
-244.9%
Debt to equity ratio
CA$27.40m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.68m |
| Equity | -CA$11.19m |
| Total liabilities | CA$28.39m |
| Total assets | CA$17.21m |
Recent financial health updates
No updates
Recent updates
Lacklustre Performance Is Driving Bitcoin Well Inc.'s (CVE:BTCW) Low P/S
Feb 10
Bitcoin Well Inc. (CVE:BTCW) Held Back By Insufficient Growth Even After Shares Climb 28%
Oct 28Why Investors Shouldn't Be Surprised By Bitcoin Well Inc.'s (CVE:BTCW) 28% Share Price Plunge
Jun 25Bitcoin Well Inc. (CVE:BTCW) Looks Inexpensive After Falling 28% But Perhaps Not Attractive Enough
May 07Bitcoin Well Inc. (CVE:BTCW) Surges 107% Yet Its Low P/S Is No Reason For Excitement
Mar 22Bitcoin Well Inc. (CVE:BTCW) Stock Catapults 44% Though Its Price And Business Still Lag The Industry
Feb 03Financial Position Analysis
Short Term Liabilities: BTCW has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: BTCW has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: BTCW has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: BTCW's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: Whilst unprofitable BTCW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BTCW is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 10.5% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/16 03:10 |
| End of Day Share Price | 2025/03/14 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bitcoin Well Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Siddharth Rajeev | Fundamental Research Corp. |