Bitfarms Ltd

NASDAQ BITF

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Bitfarms Ltd Operating Cash Flow to Debt Ratio for the Trailing 12 Months (TTM) ending March 31, 2024: 4.83

Bitfarms Ltd Operating Cash Flow to Debt Ratio is 4.83 for the Trailing 12 Months (TTM) ending March 31, 2024, a 1,952.17% change year over year. The operating cash flow to debt ratio measures the ability of a company's operating cash flow to cover its total debt obligations. It is calculated by dividing the operating cash flow by the total debt. This ratio provides insights into the company's ability to generate cash flow from its operations to service its debt. A higher ratio indicates a stronger capacity to generate operating cash flow relative to the level of debt, suggesting potential financial strength and debt servicing capability.
  • Bitfarms Ltd Operating Cash Flow to Debt Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 0.24, a 153.13% change year over year.
  • Bitfarms Ltd Operating Cash Flow to Debt Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was -0.44, a -79.77% change year over year.
  • Bitfarms Ltd Operating Cash Flow to Debt Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was -0.25, a -379.85% change year over year.
  • Bitfarms Ltd Operating Cash Flow to Debt Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.09.
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 19, 2024

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