Argo Blockchain Balance Sheet Health
Financial Health criteria checks 2/6
Argo Blockchain has a total shareholder equity of $158.0K and total debt of $62.5M, which brings its debt-to-equity ratio to 39567.7%. Its total assets and total liabilities are $75.9M and $75.8M respectively.
Key information
39,567.7%
Debt to equity ratio
US$62.52m
Debt
Interest coverage ratio | n/a |
Cash | US$7.44m |
Equity | US$158.00k |
Total liabilities | US$75.78m |
Total assets | US$75.94m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0XP's short term assets ($14.9M) do not cover its short term liabilities ($27.6M).
Long Term Liabilities: 0XP's short term assets ($14.9M) do not cover its long term liabilities ($48.2M).
Debt to Equity History and Analysis
Debt Level: 0XP's net debt to equity ratio (34857%) is considered high.
Reducing Debt: 0XP's debt to equity ratio has increased from 0% to 39567.7% 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: Whilst unprofitable 0XP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0XP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 32.7% per year.