Bitfarms (TSX:BITF) Effective Interest Rate on Debt % : 10.55% (As of Mar. 2025)

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What is Bitfarms Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Bitfarms's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was C$3.7 Mil. Bitfarms's average total debt for the quarter that ended in Mar. 2025 was C$35.1 Mil. Therefore, Bitfarms's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 10.55%.

Bitfarms Effective Interest Rate on Debt % Historical Data

The historical data trend for Bitfarms's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bitfarms Effective Interest Rate on Debt % Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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23.86

6.05

19.63

9.52

8.25

Bitfarms Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.49	8.82	8.75	9.92	10.55

Competitive Comparison of Bitfarms's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Bitfarms's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bitfarms's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitfarms's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Bitfarms's Effective Interest Rate on Debt % falls into.

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Bitfarms Effective Interest Rate on Debt % Calculation

Bitfarms's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -2.476	/	( (26.66	+	33.359)	/ 2 )
=	-1 * -2.476	/	30.0095
=	8.25 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.431	+	9.229
=	26.66

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.175	+	3.184
=	33.359

Bitfarms's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -3.704	/	( (33.359	+	36.878)	/ 2 )
=	-1 * -3.704	/	35.1185
=	10.55 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.175	+	3.184
=	33.359

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.371	+	5.507
=	36.878

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Bitfarms (TSX:BITF) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Bitfarms Effective Interest Rate on Debt % Related Terms

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Bitfarms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (TSX:BITF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

BITF:USA 1B2:Germany

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://bitfarms.com

Bitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.

Executives

Jeffrey Lucas	Senior Officer
Patricia Osorio	Senior Officer
Fanny Philip	Director
Edie Hofmeister	Director
Brian Howlett	Director
Philippe Fortier	Senior Officer
Inc. Riot Platforms	10% Security Holder
Damian Polla	Senior Officer
Guillaume Reeves	Senior Officer
Colin Yee	Deemed Insider - 6 Months before becoming Insider, Director or Senior Officer of 10% Security Holder
Nicolas Bonta	10 percent owner, Director
Lawrence Geoffrey Morphy	Director, Senior Officer
Andres Finkielsztain	Director
Paul Magrath	Senior Officer
Marc-andré Ammann	Senior Officer