Bitfarms Ltd.

DB:1B2 Stock Report

Market Cap: €972.0m

Bitfarms Balance Sheet Health

Financial Health criteria checks 4/6

Bitfarms has a total shareholder equity of $473.9M and total debt of $1.7M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are $535.9M and $62.1M respectively.

Key information

0.3%

Debt to equity ratio

US$1.65m

Debt

Interest coverage ration/a
CashUS$138.62m
EquityUS$473.88m
Total liabilitiesUS$62.06m
Total assetsUS$535.93m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 1B2's short term assets ($237.3M) exceed its short term liabilities ($46.4M).

Long Term Liabilities: 1B2's short term assets ($237.3M) exceed its long term liabilities ($15.6M).

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 67.1% 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.

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