BTC Digital Balance Sheet Health
Financial Health criteria checks 6/6
BTC Digital has a total shareholder equity of $20.4M and total debt of $544.0K, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are $25.1M and $4.6M respectively.
Key information
2.7%
Debt to equity ratio
US$544.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$854.00k |
| Equity | US$20.43m |
| Total liabilities | US$4.63m |
| Total assets | US$25.06m |
Recent financial health updates
Recent updates
Why Investors Shouldn't Be Surprised By BTC Digital Ltd.'s (NASDAQ:BTCT) Low P/S
Aug 02
We Don’t Think BTC Digital's (NASDAQ:BTCT) Earnings Should Make Shareholders Too Comfortable
Dec 06We Like These Underlying Return On Capital Trends At Meten Holding Group (NASDAQ:METX)
Jul 14Meten Holding Group (NASDAQ:METX) Might Have The Makings Of A Multi-Bagger
Mar 20Meten Holding Group receives non-compliance letter from Nasdaq
Sep 20Meten to raise $7.5M in stock and warrants offering
Aug 04Meten updates on joint venture over cryptocurrency mining busines
Jul 11Meten Edtechx to use non-fungible token for digital copyright in online education
Jun 14Meten EdtechX reports FY results
Apr 26Is Meten EdtechX Education Group Ltd.'s (NASDAQ:METX) Shareholder Ownership Skewed Towards Insiders?
Jan 27Meten Edtechx Education announces warrants to be exercised at a reduced price
Dec 08Financial Position Analysis
Short Term Liabilities: BTCT's short term assets ($9.9M) exceed its short term liabilities ($4.6M).
Long Term Liabilities: BTCT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: BTCT has more cash than its total debt.
Reducing Debt: BTCT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 BTCT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BTCT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.6% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 01:15 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
BTC Digital Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rommel Dionisio | Aegis Capital Corporation |