Bitfarms Balance Sheet Health
Financial Health criteria checks 4/6
Bitfarms has a total shareholder equity of $512.0M and total debt of $1.7M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are $586.6M and $74.6M respectively.
Key information
0.3%
Debt to equity ratio
US$1.67m
Debt
| Interest coverage ratio | n/a |
| Cash | US$72.91m |
| Equity | US$512.02m |
| Total liabilities | US$74.60m |
| Total assets | US$586.63m |
Recent financial health updates
Recent updates
Bitfarms: Takeover Abated, Still A Work In Progress
Nov 14Bitfarms: Buy The Takeover Truce?
Oct 09Bitfarms: The Would-Be Hunter Became The Hunted, Riot's Offer Was Fair
Sep 18Bitfarms: Blend Of Good And Bad News Makes For A Riveting Hold
Aug 28Bitfarms: 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 09Financial Position Analysis
Short Term Liabilities: BITF's short term assets ($189.0M) exceed its short term liabilities ($51.1M).
Long Term Liabilities: BITF's short term assets ($189.0M) exceed its long term liabilities ($23.5M).
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 57% to 0.3% 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: Insufficient data to determine if BITF has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.