Bitfarms Balance Sheet Health
Financial Health criteria checks 4/6
Bitfarms has a total shareholder equity of $365.4M and total debt of $1.6M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are $426.5M and $61.1M respectively.
Key information
0.4%
Debt to equity ratio
US$1.64m
Debt
| Interest coverage ratio | n/a |
| Cash | US$65.96m |
| Equity | US$365.41m |
| Total liabilities | US$61.06m |
| Total assets | US$426.47m |
Recent financial health updates
Recent updates
Bitfarms: Good Q1, But Recent Troubles Create Concerns
Jun 14Bitfarms: A Bidding War Could Be Brewing
Jun 03Bitfarms Q1 2024 Earnings: Is The Worst Over? (Rating Downgrade)
May 16Bitfarms: Efficiency Deserves A Price Premium
Apr 29Not A Buy Until Bitfarms Makes Money
Mar 21Don't Bet The Farm On Bitfarms
Mar 11Bitfarms: The Adverse Ripple Effect Of 'Slow And Steady'
Feb 02Bitfarms: Slow And Steady Lose The Race
Jan 26Bitfarms mines 10% less bitcoins in September, sells 544 BTC
Oct 03Bitfarms tops 4 EH/s hashrate as production kicks off at Rio Cuarto warehouse
Sep 19Revisiting Bitfarms After Its Outstanding Second Quarter
Aug 30Bitcoin falls toward $21K, pulling down Hut 8, Marathon Digital, Riot shares
Aug 19Bitfarms Q2 2022 Earnings Preview
Aug 12Bitfarms records 270% increase in July hashrate and 28% growth in new mined bitcoin
Aug 01Bitfarms In Distress But Still Functional
Jul 09Bitfarms: Experience, Execution Vs. The Crypto Cold Snap
Jun 28Bitfarms: Higher Risk, Higher Reward
May 20The Bullish Potential For Clean Energy Bitcoin Miner Bitfarms Ltd.
May 12Financial Position Analysis
Short Term Liabilities: BITF's short term assets ($137.3M) exceed its short term liabilities ($45.5M).
Long Term Liabilities: BITF's short term assets ($137.3M) exceed its long term liabilities ($15.5M).
Debt to Equity History and Analysis
Debt Level: BITF has more cash than its total debt.
Reducing Debt: BITF's debt to equity ratio has reduced from 29.6% to 0.4% 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: BITF has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: BITF has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.4% each year