Bitfarms Ltd.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Bitfarms Ltd.'s balance sheet done over the years? Its assets were worth $378,725,000 last year, which is more than in the previous period. 22% of Bitfarms Ltd.’s total assets is currently financed by debt. Its liabilities reached the amount of $83,963,000, which means an decrease by -4% compared compared to last year.
Debt to Assets
| 2017 | 34548000 | 6.64M | 19.23% |
|---|---|---|---|
| 2018 | 26233000 | 5.58M | 21.27% |
| 2019 | 52856000 | 24.76M | 46.86% |
| 2020 | 51704000 | 36.25M | 70.12% |
| 2021 | 542587000 | 120.00M | 22.12% |
| 2022 | 343098000 | 87.53M | 25.51% |
| 2023 | 378725000 | 83.96M | 22.17% |
BITF Balance Sheet (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Assets | |||||||
Current assets: | |||||||
Cash and cash equivalents | 84.03M | 30.80M | 125.27M | 5.94M | 2.15M | 552K | 4.51M |
Short term investments | 31.87M | 4.63M | 66.03M | 0 | 0 | 0 | 0 |
Net receivables | 714K | 16.76M | 3.71M | 1.4M | 3.69M | 1.25M | 519K |
Inventory | 705K | 588K | 548K | 169K | 135K | 124K | 431K |
Other current assets | 44.52M | 16.28M | 91.56M | 1.65M | 565K | 1.36M | 3.01M |
Total current assets | 129.98M | 69.08M | 287.12M | 9.16M | 6.55M | 3.29M | 8.48M |
Non-current assets: | |||||||
Property, Plant and Equipment | 200.32M | 268.02M | 229.30M | 41.21M | 44.13M | 20.86M | 21.34M |
Goodwill | 0 | 0 | 16.95M | 0 | 0 | 0 | 0 |
Intangible assets | 3.7M | 33K | 1.68M | 377K | 675K | 1.01M | 4.72M |
Long term investments | 0 | 0 | 0 | 0 | 476K | 0 | 0 |
Other non-current assets | 44.71M | 5.95M | 3.62M | 942K | 1.49M | 1.06M | 0 |
Total non-current assets | 248.74M | 274.01M | 255.46M | 42.53M | 46.30M | 22.93M | 26.06M |
Total assets | 378.72M | 343.09M | 542.58M | 51.70M | 52.85M | 26.23M | 34.54M |
Liabilities | |||||||
| Current liabilities: | |||||||
Accounts payable | |||||||
Deferred revenue | 0 | 0 | 0 | 953K | 0 | 761K | 0 |
Short term debt | 6.87M | 46.70M | 74.60M | 20.79M | 1.62M | 1.02M | 0 |
Total current liabilities | 69.15M | 67.24M | 101.17M | 28.47M | 4.00M | 4.65M | 5.73M |
| Non-current liabilities: | |||||||
Long term debt | 12.99M | 18.30M | 10.13M | 7.57M | 20.56M | 693K | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 1.81M | 1.97M | 239K | 209K | 193K | 232K | 207K |
Total non-current liabilities | 14.80M | 20.28M | 18.82M | 7.78M | 20.75M | 925K | 909K |
Total liabilities | 83.96M | 87.53M | 120.00M | 36.25M | 24.76M | 5.58M | 6.64M |
| Data source |