Bitfarms Revenue vs. Total Debt
| BITF Stock | 2.43 0.01 0.41% |
Total Revenue | First Reported 2018-03-31 | Previous Quarter 50.3 M | Current Value 41.5 M | Quarterly Volatility 21.8 M |
For Bitfarms profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bitfarms to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bitfarms utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bitfarms's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bitfarms over time as well as its relative position and ranking within its peers.
Bitfarms |
Bitfarms Total Debt vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Bitfarms's current stock value. Our valuation model uses many indicators to compare Bitfarms value to that of its competitors to determine the firm's financial worth. Bitfarms is the top company in revenue category among its peers. It also is the top company in total debt category among its peers making up about 0.14 of Total Debt per Revenue. The ratio of Revenue to Total Debt for Bitfarms is roughly 7.37 . At this time, Bitfarms' Total Revenue is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Bitfarms by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Bitfarms' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Bitfarms Revenue vs. Competition
Bitfarms is the top company in revenue category among its peers. Market size based on revenue of Financials industry is currently estimated at about 11.18 Billion. Bitfarms claims roughly 146.37 Million in revenue contributing just under 2% to equities under Financials industry.
Bitfarms Total Debt vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Bitfarms |
| = | 146.37 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Bitfarms |
| = | 19.87 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Bitfarms Total Debt vs Competition
Bitfarms is the top company in total debt category among its peers. Total debt of Financials industry is currently estimated at about 9.27 Billion. Bitfarms adds roughly 19.87 Million in total debt claiming only tiny portion of equities under Financials industry.
Bitfarms Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Bitfarms, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Bitfarms will eventually generate negative long term returns. The profitability progress is the general direction of Bitfarms' change in net profit over the period of time. It can combine multiple indicators of Bitfarms, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 2.9 M | 2.8 M | |
| Interest Income | 1.4 M | 1.3 M | |
| Operating Income | -72.1 M | -68.5 M | |
| Income Before Tax | -104.4 M | -99.2 M | |
| Total Other Income Expense Net | -27 M | -25.7 M | |
| Net Loss | -215.1 M | -204.4 M | |
| Net Loss | -104 M | -98.8 M | |
| Income Tax Expense | -401 K | -380.9 K | |
| Net Interest Income | -13.4 M | -12.7 M | |
| Net Loss | -104 M | -98.8 M | |
| Change To Netincome | 237.9 M | 249.8 M | |
| Net Loss | (0.40) | (0.42) | |
| Income Quality | (0.23) | (0.22) | |
| Net Income Per E B T | 1.00 | 1.05 |
Bitfarms Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Bitfarms. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Bitfarms position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Bitfarms' important profitability drivers and their relationship over time.
Use Bitfarms in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitfarms position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitfarms will appreciate offsetting losses from the drop in the long position's value.Bitfarms Pair Trading
Bitfarms Pair Trading Analysis
The ability to find closely correlated positions to Bitfarms could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitfarms when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitfarms - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitfarms to buy it.
The correlation of Bitfarms is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitfarms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitfarms moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitfarms can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Bitfarms position
In addition to having Bitfarms in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Latest Gainers Thematic Idea Now
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Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 142 constituents at this time.
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Check out Trending Equities. To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
To fully project Bitfarms' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Bitfarms at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Bitfarms' income statement, its balance sheet, and the statement of cash flows.