Bitfarms Non Current Liabilities Total vs Cash And Short Term Investments Analysis
BITF Stock | USD 2.24 0.01 0.44% |
Bitfarms financial indicator trend analysis is way more than just evaluating Bitfarms prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bitfarms is a good investment. Please check the relationship between Bitfarms Non Current Liabilities Total and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.
Non Current Liabilities Total vs Cash And Short Term Investments
Non Current Liabilities Total vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitfarms Non Current Liabilities Total account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bitfarms' Non Current Liabilities Total and Cash And Short Term Investments is 0.62. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Bitfarms, assuming nothing else is changed. The correlation between historical values of Bitfarms' Non Current Liabilities Total and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Bitfarms are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Non Current Liabilities Total i.e., Bitfarms' Non Current Liabilities Total and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Liabilities Total
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Bitfarms balance sheet. This account contains Bitfarms investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Bitfarms fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Bitfarms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.At this time, Bitfarms' Enterprise Value Multiple is most likely to increase significantly in the upcoming years.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 48.1M | 49.3M | 46.0M | 29.3M | Cost Of Revenue | 58.4M | 131.9M | 170.9M | 179.5M |
Bitfarms fundamental ratios Correlations
Click cells to compare fundamentals
Bitfarms Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bitfarms fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 52.9M | 51.7M | 542.6M | 343.1M | 376.8M | 224.4M | |
Other Current Liab | 102K | 4.7M | 16.7M | 7.6M | 51.8M | 54.4M | |
Total Current Liabilities | 4.0M | 28.5M | 101.2M | 67.2M | 68.8M | 44.0M | |
Total Stockholder Equity | 28.1M | 15.4M | 422.6M | 255.6M | 293.3M | 166.3M | |
Other Liab | 193K | 209K | 8.7M | 2.0M | 2.3M | 2.2M | |
Net Tangible Assets | 27.4M | 15.1M | 403.9M | 255.5M | 293.9M | 308.6M | |
Property Plant And Equipment Net | 44.1M | 41.2M | 229.3M | 268.0M | 199.3M | 129.5M | |
Net Debt | 20.0M | 22.4M | (40.5M) | 34.2M | (63.8M) | (60.6M) | |
Retained Earnings | (5.9M) | (22.1M) | (15K) | (239.1M) | (293.4M) | (278.7M) | |
Accounts Payable | 2.3M | 2.1M | 9.9M | 12.9M | 9.0M | 6.8M | |
Cash | 2.2M | 5.9M | 125.3M | 30.8M | 83.6M | 87.8M | |
Non Current Assets Total | 46.3M | 42.5M | 255.5M | 274.0M | 247.5M | 143.8M | |
Cash And Short Term Investments | 2.2M | 5.9M | 191.3M | 35.4M | 117.4M | 123.3M | |
Net Receivables | 3.7M | 1.4M | 3.7M | 16.8M | 2.2M | 2.1M | |
Common Stock Shares Outstanding | 71.1M | 84.9M | 169.4M | 207.8M | 262.2M | 142.9M | |
Liabilities And Stockholders Equity | 52.9M | 51.7M | 542.6M | 343.1M | 376.8M | 224.4M | |
Non Current Liabilities Total | 20.8M | 7.8M | 18.8M | 20.3M | 14.7M | 13.2M | |
Inventory | 135K | 169K | 548K | 588K | 701.4K | 423.7K | |
Other Current Assets | 565K | 1.7M | 91.6M | 16.3M | 9.0M | 8.6M | |
Total Liab | 24.8M | 36.3M | 120.0M | 87.5M | 83.5M | 57.3M | |
Net Invested Capital | 43.8M | 32.8M | 493.8M | 302.7M | 298.8M | 191.2M | |
Total Current Assets | 6.6M | 9.2M | 287.1M | 69.1M | 129.3M | 80.6M | |
Net Working Capital | 2.5M | (19.3M) | 185.9M | 1.8M | 60.8M | 36.7M | |
Intangible Assets | 675K | 377K | 1.7M | 33K | 3.7M | 3.9M | |
Common Stock | 33.9M | 32.0M | 378.9M | 429.1M | 527.4M | 553.8M | |
Property Plant Equipment | 44.0M | 41.2M | 146.2M | 235.8M | 271.2M | 284.7M | |
Short Long Term Debt Total | 22.2M | 28.4M | 84.7M | 65.0M | 19.8M | 18.8M | |
Non Currrent Assets Other | 1.5M | 942K | 3.6M | 6.0M | 44.5M | 46.7M | |
Other Assets | 1.6M | 973K | 90.6M | 38.2M | 1.0 | 0.95 | |
Long Term Debt | 14.8M | 174K | 910K | 4.1M | 3.7M | 3.3M | |
Short Long Term Debt | 874K | 17.2M | 70.3M | 43.1M | 4.0M | 3.8M | |
Capital Stock | 33.9M | 32.0M | 378.9M | 429.1M | 530.1M | 556.6M | |
Short Term Debt | 1.6M | 20.8M | 74.6M | 46.7M | 6.8M | 6.5M |
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When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Bitfarms Stock please use our How to Invest in Bitfarms guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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When running Bitfarms' price analysis, check to measure Bitfarms' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitfarms is operating at the current time. Most of Bitfarms' value examination focuses on studying past and present price action to predict the probability of Bitfarms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitfarms' price. Additionally, you may evaluate how the addition of Bitfarms to your portfolios can decrease your overall portfolio volatility.
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Is Bitfarms' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bitfarms. If investors know Bitfarms will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bitfarms listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.40) | Revenue Per Share 0.577 | Quarterly Revenue Growth 0.674 | Return On Assets (0.08) | Return On Equity (0.33) |
The market value of Bitfarms is measured differently than its book value, which is the value of Bitfarms that is recorded on the company's balance sheet. Investors also form their own opinion of Bitfarms' value that differs from its market value or its book value, called intrinsic value, which is Bitfarms' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitfarms' market value can be influenced by many factors that don't directly affect Bitfarms' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.