BCNWF (Bitcoin Well) Equity-to-Asset: -0.57 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Bitcoin Well Equity-to-Asset?

Bitcoin Well BCNWF +0.91% Equity-to-Asset is -0.57 as of Jun. 2026. The stock has 4 warning signs investors should review. Among 810 Capital Markets companies, Bitcoin Well ranks worse than 97.9% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Bitcoin Well's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $-8.35 Mil. Bitcoin Well's Total Assets for the quarter that ended in Jun. 2026 was $14.74 Mil. Therefore, Bitcoin Well's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was -0.57.

The historical rank and industry rank for Bitcoin Well's Equity-to-Asset or its related term are showing as below:

BCNWF' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.65   Med: -0.39   Max: 0.3
Current: -0.57

During the past 7 years, the highest Equity to Asset Ratio of Bitcoin Well was 0.30. The lowest was -0.65. And the median was -0.39.

BCNWF's Equity-to-Asset is ranked worse than
97.9% of 810 companies
in the Capital Markets industry
Industry Median: 0.505 vs BCNWF: -0.57

Bitcoin Well  (OTCPK:BCNWF) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Bitcoin Well Equity-to-Asset Related Terms


Bitcoin Well Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Bitcoin Well's Equity-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.

Bitcoin Well Equity-to-Asset Chart

Bitcoin Well Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial 0.25 -0.42 -0.61 -0.46 -0.25

Bitcoin Well Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Equity-to-Asset 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 -0.54 -0.08 -0.25 -0.41 -0.57

BCNWF vs MS, GS, SCHW: Equity-to-Asset Comparison

For the Capital Markets subindustry, Bitcoin Well's Equity-to-Asset, along with its competitors' market caps and Equity-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.


Bitcoin Well Equity-to-Asset vs Capital Markets Industry

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

* The bar in red indicates where Bitcoin Well's Equity-to-Asset falls into.



Bitcoin Well Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Bitcoin Well's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=-5.469/21.68
=-0.25

Bitcoin Well's Equity to Asset Ratio for the quarter that ended in Jun. 2026 is calculated as

Equity to Asset (Q: Jun. 2026 )=Total Stockholders Equity/Total Assets
=-8.35/14.744
=-0.57

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of -0.57 mean?
Bitcoin Well (BCNWF) has a Equity-to-Asset of -0.57 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Bitcoin Well and its competitors. According to the industry distribution chart, Bitcoin Well ranks #793 out of 810 companies in the Capital Markets industry, placing it in the top 97.9%.
Is Bitcoin Well's Equity-to-Asset too high?
Bitcoin Well's current Equity-to-Asset is -0.57. Based on the distribution chart, Bitcoin Well ranks #793 out of 810 companies in the Capital Markets industry, which is in the bottom quartile relative to peers.
How does Bitcoin Well's Equity-to-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Bitcoin Well ranks #793 out of 810 companies for Equity-to-Asset. This places Bitcoin Well in the lower half of its industry. The industry median Equity-to-Asset is 0.51. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Capital Markets company?
The median Equity-to-Asset among Capital Markets companies is 0.51, based on 810 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Bitcoin Well and its competitors. For the Capital Markets industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bitcoin Well's current Equity-to-Asset is -0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitcoin Well stock overvalued right now?
Based on GuruFocus' analysis, Bitcoin Well (BCNWF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.08, compared to a current price of $0.02 — trading 72.4% below its estimated fair value. The current Equity-to-Asset is -0.57. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Bitcoin Well (BCNWF), the current Equity-to-Asset is -0.57 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bitcoin Well Business Description

Other Exchanges BH9:GermanyBTCW:Canada
Address 10175 - 101 Street NW, Suite 1700, Enbridge Centre, Edmonton, AB, CAN, T5J 0H3
Bitcoin Well Inc offers ways to buy and sell bitcoin and other cryptocurrencies through a Bitcoin ATM network and suite of web-based transaction services. The company operates in three operating business segments: Bitcoin ATMs, Online Bitcoin Portal and Bitcoin Well Infinite. It derives maximum revenue from the Bitcoin ATM segment, which comprises sales and expenses related to the company's Bitcoin ATMs placed and operating throughout Canada. The Online Bitcoin Portal segment includes sales and expenses related to the company's online bitcoin platform. The Bitcoin Well Infinite segment includes sales and expenses related to large bitcoin transactions for high net worth individuals and businesses.