Argo Blockchain Balance Sheet Health
Financial Health criteria checks 2/6
Argo Blockchain has a total shareholder equity of $-20.3M and total debt of $45.0M, which brings its debt-to-equity ratio to -221.8%. Its total assets and total liabilities are $33.3M and $53.6M respectively.
Key information
-221.8%
Debt to equity ratio
US$44.97m
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.99m |
| Equity | -US$20.28m |
| Total liabilities | US$53.61m |
| Total assets | US$33.33m |
Recent financial health updates
Recent updates
Argo Blockchain mines ~8.5% lower bitcoins in September
Oct 11Argo Blockchain Continues Buildout As Bitcoin Price Tumbles Under $20K
Sep 08Argo Blockchain reports 1H results
Aug 24Argo Blockchain mines 22% higher bitcoins in July
Aug 05Argo Blockchain mines 44% higher bitcoins in June
Jul 07Argo Blockchain Expanding, But Lacks Mindshare In U.S. Market
May 09ARBKL: Argo Blockchain's 9.5% Yielding Baby Bonds Look Interesting
Feb 08Argo Blockchain: Valuation Starting To Make More Sense
Dec 22Financial Position Analysis
Short Term Liabilities: ARBK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ARBK has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ARBK has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ARBK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 ARBK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ARBK is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 8.9% per year.