Bitfarms (Bitfarms) Debt-to-Asset : 0.05 (As of Dec. 2023)

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What is Bitfarms Debt-to-Asset?

Bitfarms's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.9 Mil. Bitfarms's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.0 Mil. Bitfarms's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $378.7 Mil. Bitfarms's debt to asset for the quarter that ended in Dec. 2023 was 0.05.

Bitfarms Debt-to-Asset Historical Data

The historical data trend for Bitfarms's Debt-to-Asset 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 Debt-to-Asset Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.42

0.55

0.16

0.19

0.05

Bitfarms Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.19	0.11	0.10	0.08	0.05

Competitive Comparison of Bitfarms's Debt-to-Asset

For the Capital Markets subindustry, Bitfarms's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Debt-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitfarms's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Bitfarms's Debt-to-Asset falls into.

Bitfarms Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Bitfarms's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6.879	+	12.993)	/	378.725
	=	0.05

Bitfarms's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(6.879	+	12.993)	/	378.725
	=	0.05

Bitfarms (NAS:BITF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Bitfarms Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Bitfarms's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Bitfarms (Bitfarms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (NAS:BITF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

1B2:Germany 1B2:Germany BITF:Canada

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.bitfarms.com

Bitfarms Ltd is a publicly traded Bitcoin company. It develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The company's proprietary data analytics system delivers best-in-class operational performance and uptime. The group has around 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina. It is Powered by predominantly environmentally friendly hydroelectric and long-term power contracts, Bitfarms is committed to using sustainable, locally based, and often underutilized energy infrastructure.