Bitfarms Historical Balance Sheet

BITF Stock

USD 2.15 0.18 9.14%

Trend analysis of Bitfarms balance sheet accounts such as Other Current Liab of 54.7 M, Total Current Liabilities of 44.1 M or Total Stockholder Equity of 166.5 M provides information on Bitfarms' total assets, liabilities, and equity, which is the actual value of Bitfarms to its prevalent stockholders. By breaking down trends over time using Bitfarms balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Bitfarms latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Bitfarms is a good buy for the upcoming year.

Bitfarms Inventory

424,285

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 estimate.

For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.

About Bitfarms Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Bitfarms at a specified time, usually calculated after every quarter, six months, or one year. Bitfarms Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bitfarms and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Bitfarms currently owns. An asset can also be divided into two categories, current and non-current.

Bitfarms Balance Sheet Chart

At this time, Bitfarms' Cash is most likely to increase significantly in the upcoming years. The Bitfarms' current Net Receivables is estimated to increase to about 1.1 M, while Total Current Liabilities is projected to decrease to roughly 44.1 M.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity Net Debt

Total Assets

Total assets refers to the total amount of Bitfarms assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Bitfarms books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Bitfarms balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Bitfarms are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most accounts from Bitfarms' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 estimate.

For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.At this time, Bitfarms' Cash is most likely to increase significantly in the upcoming years. The Bitfarms' current Net Receivables is estimated to increase to about 1.1 M, while Total Current Liabilities is projected to decrease to roughly 44.1 M.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	4.6M	7.6M	52.1M	54.7M
Total Assets	542.6M	343.1M	378.7M	224.7M

Other Current Liab Total Assets

Bitfarms balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.5	0.99	1.0	0.85	0.96	0.95	-0.49	-0.59	0.86	0.92	0.96	0.93	-0.01	0.89	0.76	0.6	0.91	0.71	0.98	1.0	0.94	0.84	-0.37	0.86	0.79
Other Current Liab	0.5		0.49	0.49	0.19	0.66	0.5	-0.78	-0.88	0.42	0.67	0.55	0.37	-0.04	0.7	0.41	0.43	0.26	0.54	0.49	0.45	0.38	0.27	0.06	0.83	0.85
Total Current Liabilities	0.99	0.49		0.98	0.83	0.95	0.95	-0.45	-0.6	0.83	0.9	0.95	0.9	-0.02	0.88	0.75	0.55	0.89	0.79	0.99	0.98	0.92	0.8	-0.43	0.86	0.79
Total Stockholder Equity	1.0	0.49	0.98		0.87	0.96	0.94	-0.52	-0.58	0.87	0.92	0.96	0.93	-0.04	0.88	0.73	0.64	0.91	0.71	0.97	1.0	0.95	0.85	-0.32	0.85	0.78
Other Liab	0.85	0.19	0.83	0.87		0.81	0.68	-0.5	-0.15	0.64	0.86	0.69	0.97	-0.09	0.53	0.5	0.48	0.99	0.47	0.79	0.88	0.97	0.97	-0.16	0.56	0.44
Net Tangible Assets	0.96	0.66	0.95	0.96	0.81		0.92	-0.62	-0.7	0.84	0.96	0.93	0.88	-0.02	0.87	0.74	0.59	0.86	0.69	0.94	0.96	0.9	0.8	-0.28	0.94	0.89
Property Plant And Equipment Net	0.95	0.5	0.95	0.94	0.68	0.92		-0.32	-0.72	0.93	0.79	1.0	0.76	0.01	0.93	0.81	0.59	0.75	0.73	0.96	0.94	0.79	0.63	-0.47	0.89	0.86
Net Debt	-0.49	-0.78	-0.45	-0.52	-0.5	-0.62	-0.32		0.46	-0.3	-0.76	-0.39	-0.59	0.24	-0.46	-0.13	-0.51	-0.5	-0.4	-0.4	-0.47	-0.57	-0.61	-0.38	-0.61	-0.55
Retained Earnings	-0.59	-0.88	-0.6	-0.58	-0.15	-0.7	-0.72	0.46		-0.66	-0.58	-0.73	-0.31	0.03	-0.84	-0.58	-0.49	-0.25	-0.65	-0.62	-0.55	-0.34	-0.16	0.21	-0.9	-0.95
Accounts Payable	0.86	0.42	0.83	0.87	0.64	0.84	0.93	-0.3	-0.66		0.68	0.92	0.66	-0.28	0.84	0.6	0.79	0.67	0.7	0.82	0.86	0.7	0.55	-0.2	0.8	0.78
Cash	0.92	0.67	0.9	0.92	0.86	0.96	0.79	-0.76	-0.58	0.68		0.82	0.93	-0.02	0.77	0.64	0.53	0.89	0.64	0.88	0.91	0.93	0.88	-0.17	0.87	0.79
Non Current Assets Total	0.96	0.55	0.95	0.96	0.69	0.93	1.0	-0.39	-0.73	0.92	0.82		0.79	0.0	0.96	0.8	0.63	0.77	0.75	0.96	0.95	0.82	0.66	-0.43	0.91	0.88
Cash And Short Term Investments	0.93	0.37	0.9	0.93	0.97	0.88	0.76	-0.59	-0.31	0.66	0.93	0.79		-0.01	0.68	0.6	0.5	0.99	0.58	0.88	0.93	1.0	0.98	-0.24	0.69	0.58
Net Receivables	-0.01	-0.04	-0.02	-0.04	-0.09	-0.02	0.01	0.24	0.03	-0.28	-0.02	0.0	-0.01		-0.01	0.57	-0.61	-0.01	-0.43	0.11	-0.01	-0.01	0.0	-0.62	0.0	0.01
Common Stock Shares Outstanding	0.89	0.7	0.88	0.88	0.53	0.87	0.93	-0.46	-0.84	0.84	0.77	0.96	0.68	-0.01		0.75	0.63	0.62	0.8	0.89	0.86	0.71	0.54	-0.36	0.92	0.91
Non Current Liabilities Total	0.76	0.41	0.75	0.73	0.5	0.74	0.81	-0.13	-0.58	0.6	0.64	0.8	0.6	0.57	0.75		0.17	0.6	0.34	0.84	0.76	0.63	0.5	-0.69	0.74	0.72
Inventory	0.6	0.43	0.55	0.64	0.48	0.59	0.59	-0.51	-0.49	0.79	0.53	0.63	0.5	-0.61	0.63	0.17		0.45	0.6	0.5	0.59	0.51	0.45	0.39	0.57	0.55
Other Current Assets	0.91	0.26	0.89	0.91	0.99	0.86	0.75	-0.5	-0.25	0.67	0.89	0.77	0.99	-0.01	0.62	0.6	0.45		0.53	0.86	0.93	0.99	0.97	-0.28	0.64	0.53
Other Stockholder Equity	0.71	0.54	0.79	0.71	0.47	0.69	0.73	-0.4	-0.65	0.7	0.64	0.75	0.58	-0.43	0.8	0.34	0.6	0.53		0.72	0.69	0.59	0.42	-0.22	0.71	0.69
Total Liab	0.98	0.49	0.99	0.97	0.79	0.94	0.96	-0.4	-0.62	0.82	0.88	0.96	0.88	0.11	0.89	0.84	0.5	0.86	0.72		0.97	0.9	0.77	-0.51	0.87	0.81
Net Invested Capital	1.0	0.45	0.98	1.0	0.88	0.96	0.94	-0.47	-0.55	0.86	0.91	0.95	0.93	-0.01	0.86	0.76	0.59	0.93	0.69	0.97		0.95	0.85	-0.37	0.84	0.77
Total Current Assets	0.94	0.38	0.92	0.95	0.97	0.9	0.79	-0.57	-0.34	0.7	0.93	0.82	1.0	-0.01	0.71	0.63	0.51	0.99	0.59	0.9	0.95		0.97	-0.26	0.71	0.61
Net Working Capital	0.84	0.27	0.8	0.85	0.97	0.8	0.63	-0.61	-0.16	0.55	0.88	0.66	0.98	0.0	0.54	0.5	0.45	0.97	0.42	0.77	0.85	0.97		-0.13	0.57	0.44
Intangible Assets	-0.37	0.06	-0.43	-0.32	-0.16	-0.28	-0.47	-0.38	0.21	-0.2	-0.17	-0.43	-0.24	-0.62	-0.36	-0.69	0.39	-0.28	-0.22	-0.51	-0.37	-0.26	-0.13		-0.28	-0.28
Common Stock	0.86	0.83	0.86	0.85	0.56	0.94	0.89	-0.61	-0.9	0.8	0.87	0.91	0.69	0.0	0.92	0.74	0.57	0.64	0.71	0.87	0.84	0.71	0.57	-0.28		0.99
Property Plant Equipment	0.79	0.85	0.79	0.78	0.44	0.89	0.86	-0.55	-0.95	0.78	0.79	0.88	0.58	0.01	0.91	0.72	0.55	0.53	0.69	0.81	0.77	0.61	0.44	-0.28	0.99

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Bitfarms Account Relationship Matchups

Bitfarms balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	52.9M	51.7M	542.6M	343.1M	378.7M	224.7M
Other Current Liab	102K	3.4M	4.6M	7.6M	52.1M	54.7M
Total Current Liabilities	4.0M	28.5M	101.2M	67.2M	69.2M	44.1M
Total Stockholder Equity	28.1M	15.4M	422.6M	255.6M	294.8M	166.5M
Other Liab	193K	209K	8.7M	2.0M	2.3M	2.2M
Net Tangible Assets	27.4M	15.1M	403.9M	255.5M	293.9M	308.6M
Property Plant And Equipment Net	44.1M	41.2M	229.3M	268.0M	200.3M	129.7M
Net Debt	20.0M	22.4M	(40.5M)	34.2M	(64.2M)	(61.0M)
Retained Earnings	(5.9M)	(22.1M)	(15K)	(239.1M)	(294.9M)	(280.2M)
Accounts Payable	2.3M	2.1M	9.9M	12.9M	9.1M	6.8M
Cash	2.2M	5.9M	125.3M	30.8M	84.0M	88.2M
Non Current Assets Total	46.3M	42.5M	255.5M	274.0M	247.5M	143.8M
Cash And Short Term Investments	2.2M	5.9M	191.3M	35.4M	84.0M	50.9M
Net Receivables	3.7M	1.4M	1.0M	701K	714K	1.1M
Common Stock Shares Outstanding	71.1M	84.9M	169.4M	207.8M	262.2M	142.9M
Liabilities And Stockholders Equity	52.9M	51.7M	542.6M	343.1M	378.7M	224.7M
Non Current Liabilities Total	20.8M	7.8M	18.8M	20.3M	14.8M	13.2M
Inventory	135K	169K	548K	588K	705K	424.3K
Other Current Assets	565K	1.7M	159.9M	36.9M	44.5M	39.0M
Other Stockholder Equity	24.0M	(3.5M)	43.7M	47.7M	56.6M	35.1M
Total Liab	24.8M	36.3M	120.0M	87.5M	84.0M	57.3M
Net Invested Capital	43.8M	32.8M	493.8M	302.7M	298.8M	191.2M
Total Current Assets	6.6M	9.2M	287.1M	69.1M	130.0M	80.7M
Net Working Capital	2.5M	(19.3M)	185.9M	1.8M	60.8M	36.7M
Intangible Assets	675K	377K	1.7M	33K	3.7M	3.9M
Common Stock	33.9M	32.0M	378.9M	429.1M	530.1M	556.6M
Property Plant Equipment	44.0M	41.2M	146.2M	235.8M	271.2M	284.7M
Short Long Term Debt Total	22.2M	28.4M	84.7M	65.0M	19.9M	18.9M
Non Currrent Assets Other	1.5M	942K	3.6M	6.0M	43.4M	45.6M
Other Assets	1.6M	973K	90.6M	38.2M	1.3M	1.2M
Long Term Debt	14.8M	174K	910K	4.1M	3.7M	3.3M
Short Long Term Debt	874K	17.2M	70.3M	43.1M	4.0M	3.8M
Capital Stock	33.9M	32.0M	378.9M	429.1M	530.1M	556.6M
Short Term Debt	1.6M	20.8M	74.6M	46.7M	6.9M	6.5M

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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?

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What is Bitfarms' Net Worth?

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For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bitfarms. If investors know Bitfarms will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.38)

Revenue Per Share

0.493

Quarterly Revenue Growth

0.296

Return On Assets

(0.13)

Return On Equity

(0.31)

The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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 Historical Balance Sheet

Bitfarms Inventory

424,285

About Bitfarms Balance Sheet Analysis

Bitfarms Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Net Debt

Bitfarms balance sheet Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms balance sheet Accounts

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COMMON DESTINATIONS

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Current Liabilities	+ 0.99	Total Assets

Property Plant Equipment	- 0.95	Retained Earnings
Common Stock	- 0.9	Retained Earnings
Retained Earnings	- 0.88	Other Current Liab
Common Stock Shares Outstanding	- 0.84	Retained Earnings
Net Debt	- 0.78	Other Current Liab
Cash	- 0.76	Net Debt