Bit Origin Balance Sheet Health
Financial Health criteria checks 4/6
Bit Origin has a total shareholder equity of $10.3M and total debt of $2.1M, which brings its debt-to-equity ratio to 20.2%. Its total assets and total liabilities are $13.3M and $3.1M respectively.
Key information
20.2%
Debt to equity ratio
US$2.08m
Debt
| Interest coverage ratio | n/a |
| Cash | US$16.27k |
| Equity | US$10.26m |
| Total liabilities | US$3.07m |
| Total assets | US$13.34m |
Recent financial health updates
Recent updates
Bit Origin's shares jump as mining surges 165% M/M in August
Sep 07Bit Origin provides bitcoin mining update for July
Aug 08Bit Origin provides operation updates, future miner deployment schedule
Jul 19Bit Origin to add additional 700 mining spots increasing mining power of 64 PH/s
Jul 11China Xiangtai Food reports FY results
Dec 21China Xiangtai Food inks $3.5M sales contract with Chongqing Yongyaoge Technology
Dec 17Financial Position Analysis
Short Term Liabilities: BTOG's short term assets ($3.6M) exceed its short term liabilities ($2.6M).
Long Term Liabilities: BTOG's short term assets ($3.6M) exceed its long term liabilities ($486.3K).
Debt to Equity History and Analysis
Debt Level: BTOG's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: BTOG's debt to equity ratio has reduced from 74.2% to 20.2% 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: Insufficient data to determine if BTOG has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if BTOG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.