Bitfarms Ltd. Current Ratio

Current Ratio of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Current Ratio growth rates and interactive chart. The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations. It is calculated as current assets divided by current liabilities. A ratio below 1 indicates potential trouble for a company, as it doesn't have enough current assets to pay for its short-term liabilities. A ratio above 2 is usually considered healthy.

Highlights and Quick Summary

  • Current Ratio for the quarter ending September 29, 2021 was 5.51 (a 36.88% increase compared to previous quarter)
  • Year-over-year quarterly Current Ratio increased by 1612.36%
  • Annual Current Ratio for 2020 was 0.32 (a -80.3% decrease from previous year)
  • Annual Current Ratio for 2019 was 1.63 (a 130.86% increase from previous year)
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Historical Current Ratio of Bitfarms Ltd.

Most recent Current Ratioof BITF including historical data for past 10 years.

Interactive Chart of Current Ratio of Bitfarms Ltd.

Bitfarms Ltd. Current Ratio for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 5.51 4.03 8.74
2020 0.32 0.29 0.31 0.84 0.32
2019 1.63 1.63
2018 0.71 0.71

Business Profile of Bitfarms Ltd.

Sector: Financial Services
Industry: Capital Markets
Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.