Bitmine Immersion Technologies Balance Sheet Health
Financial Health criteria checks 2/6
Bitmine Immersion Technologies has a total shareholder equity of $5.0M and total debt of $1.6M, which brings its debt-to-equity ratio to 32.6%. Its total assets and total liabilities are $7.8M and $2.9M respectively.
Key information
32.6%
Debt to equity ratio
US$1.63m
Debt
Interest coverage ratio | n/a |
Cash | US$342.30k |
Equity | US$4.98m |
Total liabilities | US$2.87m |
Total assets | US$7.85m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BMNR's short term assets ($1.7M) do not cover its short term liabilities ($2.5M).
Long Term Liabilities: BMNR's short term assets ($1.7M) exceed its long term liabilities ($343.8K).
Debt to Equity History and Analysis
Debt Level: BMNR's net debt to equity ratio (25.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if BMNR's debt to equity ratio has reduced 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: BMNR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: BMNR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13% each year