Bitfarms Non Current Liabilities Total vs Non Current Assets Total Analysis

BITF Stock

2.07 0.06 2.99%

Bitfarms financial indicator trend analysis is way more than just evaluating Bitfarms prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bitfarms is a good investment. Please check the relationship between Bitfarms Non Current Liabilities Total and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.

Non Current Liabilities Total vs Non Current Assets Total

Non Current Liabilities Total vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitfarms Non Current Liabilities Total account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Bitfarms' Non Current Liabilities Total and Non Current Assets Total is 0.82. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Bitfarms, assuming nothing else is changed. The correlation between historical values of Bitfarms' Non Current Liabilities Total and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Bitfarms are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Non Current Liabilities Total i.e., Bitfarms' Non Current Liabilities Total and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Non Current Liabilities Total

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Bitfarms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.As of the 29th of January 2025, Sales General And Administrative To Revenue is likely to grow to 0.32, though Tax Provision is likely to grow to (342.9 K).

	2022	2023	2024	2025 (projected)
Depreciation And Amortization	72.4M	84.8M	97.5M	102.4M
Interest Income	34.5M	1.4M	1.6M	1.6M

Depreciation And Amortization Interest Income

Bitfarms fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Liab	Net Tangible Assets
Total Assets		0.71	0.99	0.95	0.9	-0.59	-0.68	0.88	0.91	0.97	0.91	0.49	0.81	0.78	0.85	0.69	0.75	0.76	0.98	0.94	-0.34	0.86	0.83	0.8	0.85	1.0
Other Current Liab	0.71		0.7	0.83	0.86	-0.84	-0.86	0.6	0.86	0.73	0.83	0.18	0.95	0.56	0.61	0.61	0.3	0.55	0.7	0.62	-0.03	0.93	0.9	0.39	0.44	0.68
Total Current Liabilities	0.99	0.7		0.94	0.9	-0.55	-0.68	0.86	0.9	0.96	0.89	0.51	0.81	0.78	0.8	0.65	0.74	0.79	0.99	0.93	-0.4	0.86	0.83	0.84	0.84	0.98
Total Stockholder Equity	0.95	0.83	0.94		0.96	-0.69	-0.74	0.84	0.97	0.92	0.96	0.48	0.9	0.75	0.79	0.65	0.72	0.66	0.94	0.9	-0.26	0.94	0.91	0.79	0.83	0.95
Property Plant And Equipment Net	0.9	0.86	0.9	0.96		-0.59	-0.88	0.87	0.89	0.94	0.86	0.62	0.97	0.8	0.76	0.64	0.53	0.72	0.91	0.77	-0.34	0.99	0.98	0.75	0.66	0.9
Net Debt	-0.59	-0.84	-0.55	-0.69	-0.59		0.54	-0.42	-0.8	-0.52	-0.8	0.24	-0.69	-0.24	-0.6	-0.63	-0.4	-0.22	-0.5	-0.64	-0.33	-0.69	-0.61	-0.16	-0.49	-0.57
Retained Earnings	-0.68	-0.86	-0.68	-0.74	-0.88	0.54		-0.74	-0.66	-0.8	-0.62	-0.54	-0.93	-0.64	-0.65	-0.62	-0.1	-0.61	-0.7	-0.44	0.22	-0.91	-0.94	-0.42	-0.26	-0.66
Accounts Payable	0.88	0.6	0.86	0.84	0.87	-0.42	-0.74		0.72	0.93	0.7	0.69	0.76	0.64	0.93	0.83	0.54	0.57	0.85	0.73	-0.19	0.81	0.82	0.69	0.64	0.89
Cash	0.91	0.86	0.9	0.97	0.89	-0.8	-0.66	0.72		0.84	1.0	0.26	0.87	0.67	0.72	0.61	0.74	0.62	0.89	0.92	-0.16	0.9	0.84	0.71	0.84	0.91
Non Current Assets Total	0.97	0.73	0.96	0.92	0.94	-0.52	-0.8	0.93	0.84		0.82	0.62	0.86	0.82	0.86	0.72	0.59	0.79	0.97	0.84	-0.38	0.9	0.9	0.76	0.71	0.96
Cash And Short Term Investments	0.91	0.83	0.89	0.96	0.86	-0.8	-0.62	0.7	1.0	0.82		0.24	0.83	0.66	0.71	0.59	0.78	0.61	0.88	0.93	-0.17	0.87	0.81	0.72	0.86	0.9
Net Receivables	0.49	0.18	0.51	0.48	0.62	0.24	-0.54	0.69	0.26	0.62	0.24		0.47	0.66	0.41	0.23	0.24	0.51	0.56	0.28	-0.61	0.51	0.58	0.69	0.3	0.52
Common Stock Shares Outstanding	0.81	0.95	0.81	0.9	0.97	-0.69	-0.93	0.76	0.87	0.86	0.83	0.47		0.72	0.69	0.63	0.37	0.67	0.82	0.66	-0.23	0.99	0.99	0.59	0.52	0.8
Non Current Liabilities Total	0.78	0.56	0.78	0.75	0.8	-0.24	-0.64	0.64	0.67	0.82	0.66	0.66	0.72		0.44	0.3	0.5	0.92	0.85	0.67	-0.66	0.75	0.76	0.81	0.6	0.78
Capital Surpluse	0.85	0.61	0.8	0.79	0.76	-0.6	-0.65	0.93	0.72	0.86	0.71	0.41	0.69	0.44		0.91	0.52	0.41	0.76	0.75	0.04	0.74	0.72	0.48	0.61	0.85
Inventory	0.69	0.61	0.65	0.65	0.64	-0.63	-0.62	0.83	0.61	0.72	0.59	0.23	0.63	0.3	0.91		0.32	0.33	0.6	0.59	0.33	0.66	0.64	0.26	0.41	0.68
Other Current Assets	0.75	0.3	0.74	0.72	0.53	-0.4	-0.1	0.54	0.74	0.59	0.78	0.24	0.37	0.5	0.52	0.32		0.41	0.72	0.9	-0.26	0.46	0.38	0.81	0.99	0.78
Other Stockholder Equity	0.76	0.55	0.79	0.66	0.72	-0.22	-0.61	0.57	0.62	0.79	0.61	0.51	0.67	0.92	0.41	0.33	0.41		0.85	0.64	-0.66	0.68	0.69	0.72	0.52	0.74
Total Liab	0.98	0.7	0.99	0.94	0.91	-0.5	-0.7	0.85	0.89	0.97	0.88	0.56	0.82	0.85	0.76	0.6	0.72	0.85		0.91	-0.47	0.87	0.85	0.86	0.82	0.98
Total Current Assets	0.94	0.62	0.93	0.9	0.77	-0.64	-0.44	0.73	0.92	0.84	0.93	0.28	0.66	0.67	0.75	0.59	0.9	0.64	0.91		-0.25	0.73	0.66	0.78	0.96	0.95
Intangible Assets	-0.34	-0.03	-0.4	-0.26	-0.34	-0.33	0.22	-0.19	-0.16	-0.38	-0.17	-0.61	-0.23	-0.66	0.04	0.33	-0.26	-0.66	-0.47	-0.25		-0.25	-0.29	-0.64	-0.29	-0.35
Common Stock	0.86	0.93	0.86	0.94	0.99	-0.69	-0.91	0.81	0.9	0.9	0.87	0.51	0.99	0.75	0.74	0.66	0.46	0.68	0.87	0.73	-0.25		0.99	0.65	0.6	0.85
Property Plant Equipment	0.83	0.9	0.83	0.91	0.98	-0.61	-0.94	0.82	0.84	0.9	0.81	0.58	0.99	0.76	0.72	0.64	0.38	0.69	0.85	0.66	-0.29	0.99		0.64	0.53	0.82
Short Long Term Debt Total	0.8	0.39	0.84	0.79	0.75	-0.16	-0.42	0.69	0.71	0.76	0.72	0.69	0.59	0.81	0.48	0.26	0.81	0.72	0.86	0.78	-0.64	0.65	0.64		0.85	0.83
Other Liab	0.85	0.44	0.84	0.83	0.66	-0.49	-0.26	0.64	0.84	0.71	0.86	0.3	0.52	0.6	0.61	0.41	0.99	0.52	0.82	0.96	-0.29	0.6	0.53	0.85		0.87
Net Tangible Assets	1.0	0.68	0.98	0.95	0.9	-0.57	-0.66	0.89	0.91	0.96	0.9	0.52	0.8	0.78	0.85	0.68	0.78	0.74	0.98	0.95	-0.35	0.85	0.82	0.83	0.87

Click cells to compare fundamentals

Bitfarms Account Relationship Matchups

Bitfarms fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	51.7M	542.6M	343.1M	378.7M	435.5M	224.7M
Other Current Liab	4.7M	16.7M	7.6M	40.4M	46.5M	48.8M
Total Current Liabilities	28.5M	101.2M	67.2M	69.2M	79.5M	44.1M
Total Stockholder Equity	15.4M	422.6M	255.6M	294.8M	339.0M	355.9M
Property Plant And Equipment Net	41.2M	229.3M	268.0M	240.1M	276.2M	290.0M
Net Debt	22.4M	(40.5M)	34.2M	(64.2M)	(57.7M)	(54.9M)
Retained Earnings	(22.1M)	(15K)	(239.1M)	(294.9M)	(265.4M)	(252.2M)
Accounts Payable	2.1M	9.9M	12.9M	9.1M	10.4M	6.8M
Cash	5.9M	125.3M	30.8M	84.0M	96.6M	101.5M
Non Current Assets Total	42.5M	255.5M	274.0M	248.7M	286.1M	144.0M
Other Assets	1.6M	973K	90.6M	38.2M	43.9M	24.3M
Long Term Debt	14.8M	174K	910K	4.1M	4.7M	3.8M
Cash And Short Term Investments	5.9M	191.3M	35.4M	115.9M	133.3M	140.0M
Net Receivables	1.4M	3.7M	16.8M	2.2M	2.5M	4.6M
Common Stock Shares Outstanding	84.9M	169.4M	207.8M	262.2M	301.6M	316.7M
Long Term Debt Total	693K	20.6M	7.6M	10.1M	11.7M	8.6M
Liabilities And Stockholders Equity	51.7M	542.6M	343.1M	378.7M	435.5M	224.7M
Non Current Liabilities Total	7.8M	18.8M	20.3M	14.8M	17.0M	13.2M
Inventory	169K	548K	588K	705K	810.8K	424.3K
Other Current Assets	1.7M	91.6M	16.3M	11.2M	12.8M	19.7M
Total Liab	36.3M	120.0M	87.5M	84.0M	96.6M	57.3M
Total Current Assets	9.2M	287.1M	69.1M	130.0M	149.5M	80.7M
Short Term Debt	20.8M	74.6M	46.7M	6.9M	7.9M	7.5M
Intangible Assets	377K	1.7M	33K	3.7M	3.3M	3.5M
Common Stock	32.0M	378.9M	429.1M	530.1M	609.6M	640.1M
Property Plant Equipment	44.0M	41.2M	146.2M	235.8M	271.2M	284.7M
Short Long Term Debt Total	28.4M	84.7M	65.0M	19.9M	22.9M	40.7M
Other Liab	193K	209K	8.7M	2.0M	2.3M	2.5M
Net Tangible Assets	27.4M	15.1M	403.9M	255.5M	293.9M	157.6M
Non Currrent Assets Other	942K	3.6M	6.0M	4.9M	5.6M	3.3M
Net Invested Capital	32.8M	493.8M	302.7M	298.8M	343.6M	218.0M
Short Long Term Debt	17.2M	70.3M	43.1M	4.0M	4.6M	4.4M
Capital Stock	32.0M	378.9M	429.1M	530.1M	609.6M	640.1M
Net Working Capital	(19.3M)	185.9M	1.8M	60.8M	70.0M	42.3M
Capital Lease Obligations	11.0M	13.6M	17.9M	15.9M	18.2M	14.3M
Property Plant And Equipment Gross	73.5M	269.0M	416.6M	466.7M	536.7M	286.2M

Pair Trading with Bitfarms

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitfarms position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitfarms will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bitfarms Stock

0.76

DFR

Diamond Fields Resources

Pair Corr

Moving against Bitfarms Stock

0.71	AZS	Arizona Gold Silver	Pair Corr
0.64	IVS	Inventus Mining Corp	Pair Corr
0.45	SBIO	Sabio Holdings	Pair Corr
0.44	AEM	Agnico Eagle Mines	Pair Corr
0.44	AMZN	Amazon CDR Earnings Call Tomorrow	Pair Corr

The ability to find closely correlated positions to Bitfarms could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitfarms when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitfarms - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitfarms to buy it.

The correlation of Bitfarms is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitfarms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitfarms moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Bitfarms can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:

How To Invest In Bitfarms

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Is Bitfarms Stock a good investment?

Details

What is Bitfarms' Net Worth?

Details

Largest Asset Management & Custody Banks Companies

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Largest Financial Services Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.

You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Bitfarms Non Current Liabilities Total vs Non Current Assets Total Analysis

Non Current Liabilities Total vs Non Current Assets Total

Non Current Liabilities Total vs Non Current Assets Total Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Non Current Assets Total

Bitfarms fundamental ratios Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms fundamental ratios Accounts

Pair Trading with Bitfarms

Moving together with Bitfarms Stock

Moving against Bitfarms Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Common Stock Shares Outstanding

Property Plant Equipment	- 0.94	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Common Stock	- 0.91	Retained Earnings
Retained Earnings	- 0.88	Property Plant And Equipment Net
Retained Earnings	- 0.86	Other Current Liab
Net Debt	- 0.84	Other Current Liab