Bitfarms Ltd

NASDAQ BITF

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Bitfarms Ltd Current Liabilities Ratio 2 year CAGR for the year ending December 31, 2023: -1.04%

Bitfarms Ltd Current Liabilities Ratio 2 year CAGR is -1.04% for the year ending December 31, 2023, a 97.41% change year over year. The current liabilities ratio measures the proportion of a company's current liabilities in relation to its total assets. It is calculated by dividing current liabilities by total assets. This ratio indicates the percentage of a company's total assets that are financed by current liabilities, such as accounts payable and short-term debt. It helps assess the company's short-term solvency and its ability to meet immediate obligations. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Bitfarms Ltd Current Liabilities Ratio for the year ending December 31, 2022 was 0.20, a 5.10% change year over year.
  • Bitfarms Ltd Current Liabilities Ratio for the year ending December 31, 2021 was 0.19, a -66.14% change year over year.
  • Bitfarms Ltd Current Liabilities Ratio for the year ending December 31, 2020 was 0.55, a 626.15% change year over year.
  • Bitfarms Ltd Current Liabilities Ratio for the year ending December 31, 2019 was 0.08, a -57.27% change year over year.
NASDAQ: BITF

Bitfarms Ltd

CEO Mr. Nicolas Bonta
IPO Date Aug. 28, 2018
Location Canada
Headquarters 18 King Street East, Toronto, ON, Canada, M5C 1C4
Employees 170
Sector Financial Services
Industry Capital markets
Description

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada.

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StockViz Staff

September 20, 2024

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