Abits Group Balance Sheet Health

Financial Health criteria checks 4/6

Abits Group has a total shareholder equity of $20.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $21.0M and $541.4K respectively.

Key information

0%

Debt to equity ratio

US$0

Debt

Interest coverage ration/a
CashUS$1.54m
EquityUS$20.46m
Total liabilitiesUS$541.36k
Total assetsUS$21.00m

Recent financial health updates

We're Keeping An Eye On Abits Group's (NASDAQ:ABTS) Cash Burn Rate

Mar 07
We're Keeping An Eye On Abits Group's (NASDAQ:ABTS) Cash Burn Rate

Is Moxian (BVI) (NASDAQ:MOXC) In A Good Position To Invest In Growth?

Nov 12
Is Moxian (BVI) (NASDAQ:MOXC) In A Good Position To Invest In Growth?

Recent updates

We're Keeping An Eye On Abits Group's (NASDAQ:ABTS) Cash Burn Rate

Mar 07
We're Keeping An Eye On Abits Group's (NASDAQ:ABTS) Cash Burn Rate

Is Moxian (BVI) (NASDAQ:MOXC) In A Good Position To Invest In Growth?

Nov 12
Is Moxian (BVI) (NASDAQ:MOXC) In A Good Position To Invest In Growth?

Moxian to divest Chinese unit amid uncertainty over govt tightening control over gaming

Aug 15

This Is Why We Think Moxian, Inc.'s (NASDAQ:MOXC) CEO Might Get A Pay Rise Approved By Shareholders

Jun 18
This Is Why We Think Moxian, Inc.'s (NASDAQ:MOXC) CEO Might Get A Pay Rise Approved By Shareholders

Financial Position Analysis

Short Term Liabilities: ABTS's short term assets ($5.0M) exceed its short term liabilities ($541.4K).

Long Term Liabilities: ABTS has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ABTS is debt free.

Reducing Debt: ABTS currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: Insufficient data to determine if ABTS has enough cash runway based on its current free cash flow.

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


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