Argo Blockchain Balance Sheet Health
Financial Health criteria checks 2/6
Argo Blockchain has a total shareholder equity of $158.0K and total debt of $62.5M, which brings its debt-to-equity ratio to 39567.7%. Its total assets and total liabilities are $75.9M and $75.8M respectively.
Key information
39,567.7%
Debt to equity ratio
US$62.52m
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.44m |
| Equity | US$158.00k |
| Total liabilities | US$75.78m |
| Total assets | US$75.94m |
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's short term assets ($14.9M) do not cover its short term liabilities ($27.6M).
Long Term Liabilities: ARBK's short term assets ($14.9M) do not cover its long term liabilities ($48.2M).
Debt to Equity History and Analysis
Debt Level: ARBK's net debt to equity ratio (34857%) is considered high.
Reducing Debt: ARBK's debt to equity ratio has increased from 0% to 39567.7% 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 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 32.7% per year.