Bitfarms Ltd. Debt/Equity

Debt/Equity of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Debt/Equity growth rates and interactive chart. The debt-to-equity (D/E) ratio is calculated by dividing a company's total interest-bearing liabilities by its shareholder equity. These numbers are available on the balance sheet of a company's financial statements. The ratio is used to evaluate a company's financial leverage. The debt/equity ratio can be compared to a company's historical average or to peers. A ratio above 1 indicates the company has more debt than equity and a ratio above 3 is considered high. Below 0.5 means the company has little debt and significant capacity to expand it.

Highlights and Quick Summary

  • Debt/Equity for the quarter ending September 29, 2021 was 0.06 (a -31.61% decrease compared to previous quarter)
  • Year-over-year quarterly Debt/Equity decreased by -96.2%
  • Annual Debt/Equity for 2020 was 1.6 (a 109.84% increase from previous year)
  • Annual Debt/Equity for 2019 was 0.76 (a 817.43% increase from previous year)
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Historical Debt/Equity of Bitfarms Ltd.

Most recent Debt/Equityof BITF including historical data for past 10 years.

Interactive Chart of Debt/Equity of Bitfarms Ltd.

Bitfarms Ltd. Debt/Equity for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 0.06 0.09 0.07
2020 1.6 1.18 0.91 0.77 1.6
2019 0.76 0.0 0.0 0.0 0.76
2018 0.08 0.08

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.