Bit Digital Stock Cash And Equivalents

BTBT Stock

USD 4.03 0.01 0.25%

Bit Digital fundamentals help investors to digest information that contributes to Bit Digital's financial success or failures. It also enables traders to predict the movement of Bit Stock. The fundamental analysis module provides a way to measure Bit Digital's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bit Digital stock.

Other Current Liab Total Assets

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Bit Digital Company Cash And Equivalents Analysis

Bit Digital's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Cash

Bank Deposits

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Liquidities

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Current Bit Digital Cash And Equivalents

44.3 M

Most of Bit Digital's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bit Digital is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Bit Cash And Equivalents Driver Correlations

Understanding the fundamental principles of building solid financial models for Bit Digital is extremely important. It helps to project a fair market value of Bit Stock properly, considering its historical fundamentals such as Cash And Equivalents. Since Bit Digital's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bit Digital's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bit Digital's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Common Stock	Net Tangible Assets	Current Deferred Revenue	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock	Short Term Investments	Short Term Debt
Total Assets		1.0	-0.69	-0.82	0.76	0.78	0.88	0.98	0.95	0.98	0.96	0.83	0.99	0.85	0.9	0.88	0.9
Total Stockholder Equity	1.0		-0.74	-0.78	0.78	0.72	0.83	0.99	0.94	0.97	0.96	0.83	1.0	0.89	0.91	0.85	0.91
Net Debt	-0.69	-0.74		0.46	-0.81	-0.13	-0.32	-0.8	-0.61	-0.74	-0.75	-0.56	-0.73	-0.93	-0.85	-0.33	-0.81
Retained Earnings	-0.82	-0.78	0.46		-0.75	-0.82	-0.9	-0.8	-0.92	-0.89	-0.89	-0.77	-0.77	-0.6	-0.81	-0.7	-0.82
Accounts Payable	0.76	0.78	-0.81	-0.75		0.39	0.55	0.81	0.83	0.84	0.81	0.87	0.75	0.8	0.9	0.41	0.88
Net Receivables	0.78	0.72	-0.13	-0.82	0.39		0.98	0.69	0.79	0.74	0.74	0.64	0.72	0.39	0.55	0.92	0.59
Total Liab	0.88	0.83	-0.32	-0.9	0.55	0.98		0.82	0.89	0.87	0.86	0.73	0.83	0.55	0.71	0.92	0.73
Total Current Assets	0.98	0.99	-0.8	-0.8	0.81	0.69	0.82		0.93	0.98	0.98	0.8	0.98	0.92	0.94	0.81	0.94
Common Stock	0.95	0.94	-0.61	-0.92	0.83	0.79	0.89	0.93		0.97	0.94	0.9	0.92	0.75	0.87	0.79	0.87
Net Tangible Assets	0.98	0.97	-0.74	-0.89	0.84	0.74	0.87	0.98	0.97		0.99	0.83	0.96	0.86	0.94	0.79	0.94
Current Deferred Revenue	0.96	0.96	-0.75	-0.89	0.81	0.74	0.86	0.98	0.94	0.99		0.8	0.96	0.87	0.95	0.79	0.95
Property Plant Equipment	0.83	0.83	-0.56	-0.77	0.87	0.64	0.73	0.8	0.9	0.83	0.8		0.8	0.65	0.77	0.65	0.76
Net Invested Capital	0.99	1.0	-0.73	-0.77	0.75	0.72	0.83	0.98	0.92	0.96	0.96	0.8		0.89	0.9	0.86	0.9
Net Working Capital	0.85	0.89	-0.93	-0.6	0.8	0.39	0.55	0.92	0.75	0.86	0.87	0.65	0.89		0.95	0.59	0.93
Capital Stock	0.9	0.91	-0.85	-0.81	0.9	0.55	0.71	0.94	0.87	0.94	0.95	0.77	0.9	0.95		0.64	1.0
Short Term Investments	0.88	0.85	-0.33	-0.7	0.41	0.92	0.92	0.81	0.79	0.79	0.79	0.65	0.86	0.59	0.64		0.67
Short Term Debt	0.9	0.91	-0.81	-0.82	0.88	0.59	0.73	0.94	0.87	0.94	0.95	0.76	0.9	0.93	1.0	0.67

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Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Competition

Predict Bit Digital

In accordance with the recently published financial statements, Bit Digital has 44.3 M in Cash And Equivalents. This is 99.87% lower than that of the Software sector and 99.9% lower than that of the Information Technology industry. The cash and equivalents for all United States stocks is 98.36% higher than that of the company.

Bit Cash And Equivalents Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bit Digital's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bit Digital could also be used in its relative valuation, which is a method of valuing Bit Digital by comparing valuation metrics of similar companies.

Bit Digital is currently under evaluation in cash and equivalents category among its peers.

Bit Digital ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Bit Digital's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bit Digital's managers, analysts, and investors.

Environmental

Governance

Social

Bit Fundamentals

	Return On Equity	0.15
	Return On Asset	-0.0421
	Profit Margin	0.33 %
	Operating Margin	(0) %
	Current Valuation	533.94 M
	Shares Outstanding	147.79 M
	Shares Owned By Insiders	0.68 %
	Shares Owned By Institutions	38.35 %
	Number Of Shares Shorted	25.69 M
	Price To Earning	12.29 X
	Price To Book	2.02 X
	Price To Sales	7.12 X
	Revenue	44.92 M
	Gross Profit	65.34 M
	EBITDA	(12.31 M)
	Net Income	(13.89 M)
	Cash And Equivalents	44.3 M
	Cash Per Share	0.54 X
	Total Debt	6.22 M
	Debt To Equity	0.02 %
	Current Ratio	19.15 X
	Book Value Per Share	1.34 X
	Cash Flow From Operations	1.11 M
	Short Ratio	2.64 X
	Earnings Per Share	(0.03) X
	Target Price	6.13
	Number Of Employees	24
	Beta	4.81
	Market Capitalization	618.64 M
	Total Asset	189.33 M
	Retained Earnings	(146.91 M)
	Working Capital	56.26 M
	Net Asset	189.33 M

About Bit Digital Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Bit Digital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bit Digital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bit Digital based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Bit Stock Analysis

When running Bit Digital's price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.

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