Bitfarms Balance Sheet Health

Financial Health criteria checks 4/6

Bitfarms has a total shareholder equity of $512.0M and total debt of $1.7M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are $586.6M and $74.6M respectively.

Key information

0.3%

Debt to equity ratio

US$1.67m

Debt

Interest coverage ration/a
CashUS$72.91m
EquityUS$512.02m
Total liabilitiesUS$74.60m
Total assetsUS$586.63m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 1B2's short term assets ($189.0M) exceed its short term liabilities ($51.1M).

Long Term Liabilities: 1B2's short term assets ($189.0M) exceed its long term liabilities ($23.5M).


Debt to Equity History and Analysis

Debt Level: 1B2 has more cash than its total debt.

Reducing Debt: 1B2's debt to equity ratio has reduced from 57% to 0.3% 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: 1B2 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 1B2 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Discover healthy companies