BitFuFu Balance Sheet Health
Financial Health criteria checks 3/6
BitFuFu has a total shareholder equity of $117.0M and total debt of $102.4M, which brings its debt-to-equity ratio to 87.5%. Its total assets and total liabilities are $282.5M and $165.5M respectively. BitFuFu's EBIT is $21.3M making its interest coverage ratio 4.5. It has cash and short-term investments of $38.7M.
Key information
87.5%
Debt to equity ratio
US$102.44m
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$38.70m |
| Equity | US$117.01m |
| Total liabilities | US$165.53m |
| Total assets | US$282.55m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: FUFU's short term assets ($213.1M) exceed its short term liabilities ($52.1M).
Long Term Liabilities: FUFU's short term assets ($213.1M) exceed its long term liabilities ($113.5M).
Debt to Equity History and Analysis
Debt Level: FUFU's net debt to equity ratio (54.5%) is considered high.
Reducing Debt: Insufficient data to determine if FUFU's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FUFU's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FUFU's interest payments on its debt are well covered by EBIT (4.5x coverage).