Bitfarms Net Debt vs Capital Stock Analysis

BITF Stock

USD 2.11 0.06 2.93%

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 Net Debt and its Capital Stock 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 estimate.

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

Net Debt vs Capital Stock

Net Debt vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitfarms Net Debt account and Capital Stock. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Bitfarms' Net Debt and Capital Stock is -0.61. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Bitfarms, assuming nothing else is changed. The correlation between historical values of Bitfarms' Net Debt and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Bitfarms are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Debt i.e., Bitfarms' Net Debt and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

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 estimate.

For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.The Bitfarms' current Sales General And Administrative To Revenue is estimated to increase to 0.28, while Tax Provision is forecasted to increase to (380.9 K).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	48.1M	49.3M	50.6M	30.2M
Cost Of Revenue	58.4M	131.9M	167.9M	176.3M

Total Operating Expenses Cost Of Revenue

Bitfarms fundamental ratios 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		0.49	0.99	1.0	0.86	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	0.49		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	0.51	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	-0.57	0.87	0.92	0.96	0.93	-0.04	0.88	0.73	0.64	0.91	0.7	0.97	1.0	0.95	0.85	-0.32	0.85	0.78
Other Liab	0.86	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	0.48	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	0.68	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	-0.37	-0.39	-0.47	-0.57	-0.61	-0.38	-0.61	-0.55
Retained Earnings	-0.59	-0.88	-0.6	-0.57	-0.15	-0.7	-0.72	0.46		-0.67	-0.58	-0.74	-0.31	0.03	-0.84	-0.58	-0.49	-0.25	-0.63	-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	-0.67		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	0.63	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	-0.74	0.92	0.82		0.79	0.0	0.96	0.8	0.63	0.77	0.74	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	-0.44	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	0.78	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	0.33	0.84	0.75	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	0.58	0.49	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	0.51	0.79	0.7	0.48	0.68	0.73	-0.37	-0.63	0.7	0.63	0.74	0.58	-0.44	0.78	0.33	0.58	0.53		0.72	0.69	0.59	0.42	-0.23	0.7	0.68
Total Liab	0.98	0.49	0.99	0.97	0.79	0.94	0.96	-0.39	-0.62	0.82	0.88	0.96	0.88	0.11	0.89	0.84	0.49	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	0.75	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	-0.23	-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	0.7	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	0.68	0.81	0.77	0.61	0.44	-0.28	0.99

Click cells to compare fundamentals

Bitfarms Account Relationship Matchups

Bitfarms fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	52.9M	51.7M	542.6M	343.1M	376.8M	224.4M
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	293.3M	166.3M
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)	(293.4M)	(278.7M)
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	376.8M	224.4M
Non Current Liabilities Total	20.8M	7.8M	18.8M	20.3M	14.7M	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	53.6M	34.5M
Total Liab	24.8M	36.3M	120.0M	87.5M	83.5M	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	(665.0K)	(631.8K)
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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Largest Asset Management & Custody Banks 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 estimate.

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

You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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 Net Debt vs Capital Stock Analysis

Net Debt vs Capital Stock

Net Debt vs Capital Stock Correlation Analysis

Correlation Coefficient

Net Debt

Capital Stock

Bitfarms fundamental ratios Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms fundamental ratios Accounts

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COMPANY

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