Bitfarms Capital Surpluse vs Total Liab Analysis

BITF Stock   2.76  0.12  4.17%   
Bitfarms financial indicator trend analysis is way more than just evaluating Bitfarms prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bitfarms is a good investment. Please check the relationship between Bitfarms Capital Surpluse and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.

Capital Surpluse vs Total Liab

Capital Surpluse vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitfarms Capital Surpluse account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bitfarms' Capital Surpluse and Total Liab is 0.7. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Total Liab in the same time period over historical financial statements of Bitfarms, assuming nothing else is changed. The correlation between historical values of Bitfarms' Capital Surpluse and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Bitfarms are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Capital Surpluse i.e., Bitfarms' Capital Surpluse and Total Liab go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Capital Surpluse

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Bitfarms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.As of the 13th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.28, though Tax Provision is likely to grow to (380.9 K).
 2021 2022 2023 2024 (projected)
Depreciation And Amortization24.5M72.4M84.8M89.0M
Interest Income2.1M34.5M1.4M1.3M

Bitfarms fundamental ratios Correlations

0.660.991.00.95-0.49-0.590.860.920.960.910.530.890.760.810.60.830.720.980.94-0.370.860.790.860.91.0
0.660.660.660.67-0.83-0.850.520.820.670.790.110.770.510.550.480.360.50.650.58-0.020.90.890.310.480.67
0.990.660.980.94-0.45-0.60.830.90.950.890.540.880.750.760.550.810.750.990.92-0.430.860.790.890.880.98
1.00.660.980.94-0.52-0.580.870.920.960.910.510.880.730.830.640.830.680.970.95-0.320.850.780.840.91.0
0.950.670.940.94-0.37-0.760.920.81.00.780.710.960.810.820.620.620.770.950.79-0.440.910.880.820.720.95
-0.49-0.83-0.45-0.52-0.370.46-0.3-0.76-0.39-0.750.33-0.46-0.13-0.52-0.51-0.42-0.11-0.4-0.57-0.38-0.61-0.55-0.05-0.5-0.5
-0.59-0.85-0.6-0.58-0.760.46-0.66-0.58-0.74-0.52-0.51-0.84-0.58-0.58-0.49-0.1-0.55-0.62-0.340.21-0.9-0.95-0.34-0.25-0.6
0.860.520.830.870.92-0.3-0.660.680.920.660.740.840.60.90.790.580.50.820.7-0.20.80.780.720.650.87
0.920.820.90.920.8-0.76-0.580.680.821.00.220.770.640.690.530.830.580.880.93-0.170.870.790.690.90.91
0.960.670.950.961.0-0.39-0.740.920.820.80.690.960.80.820.630.660.760.960.82-0.430.910.880.830.750.97
0.910.790.890.910.78-0.75-0.520.661.00.80.190.740.630.670.510.850.570.870.95-0.170.830.750.70.920.91
0.530.110.540.510.710.33-0.510.740.220.690.190.590.670.450.280.230.540.590.27-0.620.510.540.690.280.53
0.890.770.880.880.96-0.46-0.840.840.770.960.740.590.750.80.630.480.790.890.71-0.360.920.910.670.60.89
0.760.510.750.730.81-0.13-0.580.60.640.80.630.670.750.370.170.520.90.840.63-0.690.740.720.810.60.75
0.810.550.760.830.82-0.52-0.580.90.690.820.670.450.80.370.890.550.340.70.70.040.720.680.510.620.83
0.60.480.550.640.62-0.51-0.490.790.530.630.510.280.630.170.890.360.180.50.510.390.570.550.290.430.62
0.830.360.810.830.62-0.42-0.10.580.830.660.850.230.480.520.550.360.430.780.95-0.260.530.40.810.990.81
0.720.50.750.680.77-0.11-0.550.50.580.760.570.540.790.90.340.180.430.820.59-0.680.660.650.750.510.71
0.980.650.990.970.95-0.4-0.620.820.880.960.870.590.890.840.70.50.780.820.9-0.510.870.810.910.860.97
0.940.580.920.950.79-0.57-0.340.70.930.820.950.270.710.630.70.510.950.590.9-0.260.710.610.810.980.94
-0.37-0.02-0.43-0.32-0.44-0.380.21-0.2-0.17-0.43-0.17-0.62-0.36-0.690.040.39-0.26-0.68-0.51-0.26-0.28-0.28-0.66-0.28-0.36
0.860.90.860.850.91-0.61-0.90.80.870.910.830.510.920.740.720.570.530.660.870.71-0.280.990.630.650.86
0.790.890.790.780.88-0.55-0.950.780.790.880.750.540.910.720.680.550.40.650.810.61-0.280.990.570.530.8
0.860.310.890.840.82-0.05-0.340.720.690.830.70.690.670.810.510.290.810.750.910.81-0.660.630.570.830.85
0.90.480.880.90.72-0.5-0.250.650.90.750.920.280.60.60.620.430.990.510.860.98-0.280.650.530.830.89
1.00.670.981.00.95-0.5-0.60.870.910.970.910.530.890.750.830.620.810.710.970.94-0.360.860.80.850.89
Click cells to compare fundamentals

Bitfarms Account Relationship Matchups

Bitfarms fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets52.9M51.7M542.6M343.1M378.7M224.7M
Other Current Liab102K4.7M16.7M7.6M40.4M42.4M
Total Current Liabilities4.0M28.5M101.2M67.2M69.2M44.1M
Total Stockholder Equity28.1M15.4M422.6M255.6M294.8M166.5M
Property Plant And Equipment Net44.1M41.2M229.3M268.0M240.1M135.9M
Net Debt20.0M22.4M(40.5M)34.2M(64.2M)(61.0M)
Retained Earnings(5.9M)(22.1M)(15K)(239.1M)(294.9M)(280.2M)
Accounts Payable2.3M2.1M9.9M12.9M9.1M6.8M
Cash2.2M5.9M125.3M30.8M84.0M88.2M
Non Current Assets Total46.3M42.5M255.5M274.0M248.7M144.0M
Other Assets1.6M973K90.6M38.2M43.9M24.3M
Long Term Debt14.8M174K910K4.1M4.7M3.8M
Cash And Short Term Investments2.2M5.9M191.3M35.4M115.9M121.7M
Net Receivables3.7M1.4M3.7M16.8M2.2M2.1M
Common Stock Shares Outstanding71.1M84.9M169.4M207.8M262.2M142.9M
Long Term Debt Total693K20.6M7.6M10.1M11.7M8.6M
Liabilities And Stockholders Equity52.9M51.7M542.6M343.1M378.7M224.7M
Non Current Liabilities Total20.8M7.8M18.8M20.3M14.8M13.2M
Inventory135K169K548K588K705K424.3K
Other Current Assets565K1.7M91.6M16.3M11.2M19.7M
Total Liab24.8M36.3M120.0M87.5M84.0M57.3M
Total Current Assets6.6M9.2M287.1M69.1M130.0M80.7M
Short Term Debt1.6M20.8M74.6M46.7M6.9M6.5M
Intangible Assets675K377K1.7M33K3.7M3.9M
Common Stock33.9M32.0M378.9M429.1M530.1M556.6M
Property Plant Equipment44.0M41.2M146.2M235.8M271.2M284.7M
Short Long Term Debt Total22.2M28.4M84.7M65.0M19.9M18.9M
Other Liab193K209K8.7M2.0M2.3M2.5M
Net Tangible Assets27.4M15.1M403.9M255.5M293.9M157.6M
Non Currrent Assets Other1.5M942K3.6M6.0M4.9M3.3M
Net Invested Capital43.8M32.8M493.8M302.7M298.8M218.0M
Short Long Term Debt874K17.2M70.3M43.1M4.0M3.8M
Capital Stock33.9M32.0M378.9M429.1M530.1M556.6M
Net Working Capital2.5M(19.3M)185.9M1.8M60.8M42.3M

Pair Trading with Bitfarms

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.

Moving together with Bitfarms Stock

  0.62ELF E L FinancialPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.