Bitnine Co Balance Sheet Health
Financial Health criteria checks 1/6
Bitnine Co has a total shareholder equity of ₩15.6B and total debt of ₩21.0B, which brings its debt-to-equity ratio to 134.9%. Its total assets and total liabilities are ₩57.7B and ₩42.1B respectively.
Key information
134.9%
Debt to equity ratio
₩21.00b
Debt
Interest coverage ratio | n/a |
Cash | ₩8.89b |
Equity | ₩15.57b |
Total liabilities | ₩42.13b |
Total assets | ₩57.70b |
Financial Position Analysis
Short Term Liabilities: A357880's short term assets (₩24.7B) do not cover its short term liabilities (₩40.3B).
Long Term Liabilities: A357880's short term assets (₩24.7B) exceed its long term liabilities (₩1.8B).
Debt to Equity History and Analysis
Debt Level: A357880's net debt to equity ratio (77.8%) is considered high.
Reducing Debt: Insufficient data to determine if A357880's debt to equity ratio has reduced 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: A357880 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: A357880 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 54.6% each year