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Bitfarms (TSX:BITF) Total Current Liabilities : C$122.1 Mil (As of Mar. 2025)


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What is Bitfarms Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Bitfarms's total current liabilities for the quarter that ended in Mar. 2025 was C$122.1

Bitfarms Total Current Liabilities Historical Data

The historical data trend for Bitfarms's Total Current Liabilities 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 Total Current Liabilities Chart

Bitfarms Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Current Liabilities
Get a 7-Day Free Trial 36.48 210.88 91.58 92.78 51.67

Bitfarms Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 61.61 63.64 69.21 51.67 122.07

Bitfarms Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Bitfarms's Total Current Liabilities for the fiscal year that ended in Dec. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=36.891+3.184
+Other Current Liabilities+Current Deferred Liabilities
=11.599+0
=51.7

Bitfarms's Total Current Liabilities for the quarter that ended in Mar. 2025 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=83.197+5.507
+Other Current Liabilities+Current Deferred Liabilities
=33.367+0
=122.1

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Bitfarms Total Current Liabilities Related Terms

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Bitfarms Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (TSX:BITF) » Definitions » Total Current Liabilities
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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
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Damian Polla Senior Officer
Guillaume Reeves Senior Officer
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Lawrence Geoffrey Morphy Director, Senior Officer
Andres Finkielsztain Director
Paul Magrath Senior Officer
Marc-andré Ammann Senior Officer