Bitcoin Depot Balance Sheet Health
Financial Health criteria checks 5/6
Bitcoin Depot has a total shareholder equity of $4.4M and total debt of $43.2M, which brings its debt-to-equity ratio to 971.4%. Its total assets and total liabilities are $97.5M and $93.1M respectively. Bitcoin Depot's EBIT is $19.4M making its interest coverage ratio 1.6. It has cash and short-term investments of $43.9M.
Key information
971.4%
Debt to equity ratio
US$43.16m
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$43.94m |
| Equity | US$4.44m |
| Total liabilities | US$93.10m |
| Total assets | US$97.54m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTM's short term assets ($54.6M) exceed its short term liabilities ($46.9M).
Long Term Liabilities: BTM's short term assets ($54.6M) exceed its long term liabilities ($46.2M).
Debt to Equity History and Analysis
Debt Level: BTM has more cash than its total debt.
Reducing Debt: Insufficient data to determine if BTM'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: Whilst unprofitable BTM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BTM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.7% per year.