Bit Short Term Debt vs Net Debt Analysis

BTBT Stock

USD 3.29 0.04 1.23%

Bit Digital financial indicator trend analysis is way more than just evaluating Bit Digital prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bit Digital is a good investment. Please check the relationship between Bit Digital Short Term Debt and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bit Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Bit Stock please use our How to Invest in Bit Digital guide.

Short Term Debt vs Net Debt

Short Term Debt vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bit Digital Short Term Debt account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Bit Digital's Short Term Debt and Net Debt is -0.83. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Debt in the same time period over historical financial statements of Bit Digital, assuming nothing else is changed. The correlation between historical values of Bit Digital's Short Term Debt and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Bit Digital are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Short Term Debt i.e., Bit Digital's Short Term Debt and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.83

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Short Term Debt

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Bit Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bit Digital 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 Bit Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Bit Stock please use our How to Invest in Bit Digital guide.Selling General Administrative is likely to gain to about 29.1 M in 2024, whereas Discontinued Operations is likely to drop (3.6 M) in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	96.1M	32.3M	44.9M	29.9M
Interest Expense	9.4M	132.6M	152.5M	160.1M

Total Revenue Interest Expense

Bit Digital fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Net Tangible Assets	Current Deferred Revenue	Other Assets	Property Plant Equipment
Total Assets		0.89	0.87	1.0	0.98	-0.72	-0.82	0.76	0.77	0.99	0.77	0.98	0.78	0.89	0.94	0.92	0.57	0.97	0.88	0.98	0.98	0.95	0.98	0.96	0.97	0.83
Other Current Liab	0.89		0.99	0.84	0.9	-0.4	-0.93	0.61	0.47	0.92	0.69	0.95	0.96	0.78	0.93	0.99	0.17	0.94	1.0	0.92	0.83	0.91	0.88	0.88	0.89	0.77
Total Current Liabilities	0.87	0.99		0.82	0.89	-0.33	-0.9	0.54	0.41	0.91	0.64	0.94	0.98	0.76	0.9	0.99	0.11	0.92	1.0	0.92	0.79	0.89	0.85	0.85	0.85	0.72
Total Stockholder Equity	1.0	0.84	0.82		0.96	-0.77	-0.78	0.78	0.82	0.97	0.77	0.96	0.72	0.89	0.92	0.88	0.64	0.95	0.83	0.96	0.99	0.94	0.97	0.96	0.96	0.83
Property Plant And Equipment Net	0.98	0.9	0.89	0.96		-0.58	-0.77	0.66	0.64	1.0	0.67	0.96	0.83	0.88	0.9	0.92	0.44	0.93	0.9	1.0	0.92	0.93	0.92	0.9	0.9	0.82
Net Debt	-0.72	-0.4	-0.33	-0.77	-0.58		0.49	-0.82	-0.99	-0.6	-0.7	-0.63	-0.17	-0.63	-0.66	-0.44	-0.95	-0.66	-0.36	-0.57	-0.83	-0.63	-0.76	-0.77	-0.77	-0.58
Retained Earnings	-0.82	-0.93	-0.9	-0.78	-0.77	0.49		-0.75	-0.56	-0.81	-0.81	-0.89	-0.82	-0.8	-0.96	-0.9	-0.24	-0.94	-0.9	-0.81	-0.8	-0.92	-0.89	-0.89	-0.89	-0.77
Accounts Payable	0.76	0.61	0.54	0.78	0.66	-0.82	-0.75		0.84	0.69	0.92	0.71	0.39	0.86	0.82	0.58	0.71	0.8	0.55	0.66	0.82	0.83	0.84	0.81	0.83	0.87
Cash	0.77	0.47	0.41	0.82	0.64	-0.99	-0.56	0.84		0.66	0.75	0.7	0.26	0.68	0.71	0.51	0.93	0.72	0.44	0.63	0.87	0.69	0.81	0.82	0.82	0.62
Non Current Assets Total	0.99	0.92	0.91	0.97	1.0	-0.6	-0.81	0.69	0.66		0.72	0.98	0.85	0.89	0.92	0.94	0.45	0.96	0.92	1.0	0.94	0.95	0.94	0.92	0.93	0.83
Non Currrent Assets Other	0.77	0.69	0.64	0.77	0.67	-0.7	-0.81	0.92	0.75	0.72		0.76	0.53	0.85	0.83	0.67	0.56	0.82	0.65	0.69	0.8	0.85	0.83	0.81	0.84	0.8
Cash And Short Term Investments	0.98	0.95	0.94	0.96	0.96	-0.63	-0.89	0.71	0.7	0.98	0.76		0.86	0.85	0.96	0.97	0.44	0.99	0.95	0.97	0.95	0.95	0.97	0.97	0.97	0.79
Net Receivables	0.78	0.96	0.98	0.72	0.83	-0.17	-0.82	0.39	0.26	0.85	0.53	0.86		0.65	0.79	0.96	-0.04	0.83	0.98	0.86	0.68	0.79	0.74	0.74	0.75	0.64
Common Stock Total Equity	0.89	0.78	0.76	0.89	0.88	-0.63	-0.8	0.86	0.68	0.89	0.85	0.85	0.65		0.89	0.78	0.51	0.9	0.76	0.87	0.86	0.96	0.89	0.84	0.86	0.93
Common Stock Shares Outstanding	0.94	0.93	0.9	0.92	0.9	-0.66	-0.96	0.82	0.71	0.92	0.83	0.96	0.79	0.89		0.92	0.45	0.99	0.91	0.92	0.93	0.98	0.98	0.97	0.97	0.84
Non Current Liabilities Total	0.92	0.99	0.99	0.88	0.92	-0.44	-0.9	0.58	0.51	0.94	0.67	0.97	0.96	0.78	0.92		0.22	0.95	1.0	0.95	0.86	0.91	0.9	0.9	0.9	0.74
Other Current Assets	0.57	0.17	0.11	0.64	0.44	-0.95	-0.24	0.71	0.93	0.45	0.56	0.44	-0.04	0.51	0.45	0.22		0.47	0.14	0.41	0.69	0.46	0.59	0.6	0.6	0.46
Other Stockholder Equity	0.97	0.94	0.92	0.95	0.93	-0.66	-0.94	0.8	0.72	0.96	0.82	0.99	0.83	0.9	0.99	0.95	0.47		0.93	0.95	0.95	0.98	0.99	0.98	0.98	0.85
Total Liab	0.88	1.0	1.0	0.83	0.9	-0.36	-0.9	0.55	0.44	0.92	0.65	0.95	0.98	0.76	0.91	1.0	0.14	0.93		0.93	0.81	0.89	0.87	0.86	0.87	0.73
Property Plant And Equipment Gross	0.98	0.92	0.92	0.96	1.0	-0.57	-0.81	0.66	0.63	1.0	0.69	0.97	0.86	0.87	0.92	0.95	0.41	0.95	0.93		0.93	0.94	0.93	0.92	0.92	0.82
Total Current Assets	0.98	0.83	0.79	0.99	0.92	-0.83	-0.8	0.82	0.87	0.94	0.8	0.95	0.68	0.86	0.93	0.86	0.69	0.95	0.81	0.93		0.92	0.98	0.98	0.98	0.8
Common Stock	0.95	0.91	0.89	0.94	0.93	-0.63	-0.92	0.83	0.69	0.95	0.85	0.95	0.79	0.96	0.98	0.91	0.46	0.98	0.89	0.94	0.92		0.97	0.94	0.95	0.9
Net Tangible Assets	0.98	0.88	0.85	0.97	0.92	-0.76	-0.89	0.84	0.81	0.94	0.83	0.97	0.74	0.89	0.98	0.9	0.59	0.99	0.87	0.93	0.98	0.97		0.99	0.99	0.83
Current Deferred Revenue	0.96	0.88	0.85	0.96	0.9	-0.77	-0.89	0.81	0.82	0.92	0.81	0.97	0.74	0.84	0.97	0.9	0.6	0.98	0.86	0.92	0.98	0.94	0.99		1.0	0.8
Other Assets	0.97	0.89	0.85	0.96	0.9	-0.77	-0.89	0.83	0.82	0.93	0.84	0.97	0.75	0.86	0.97	0.9	0.6	0.98	0.87	0.92	0.98	0.95	0.99	1.0		0.81
Property Plant Equipment	0.83	0.77	0.72	0.83	0.82	-0.58	-0.77	0.87	0.62	0.83	0.8	0.79	0.64	0.93	0.84	0.74	0.46	0.85	0.73	0.82	0.8	0.9	0.83	0.8	0.81

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Bit Digital Account Relationship Matchups

Bit Digital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6M	39.9M	179.9M	100.4M	189.3M	198.8M
Other Current Liab	1.4M	528.3K	2.4M	3.8M	9.8M	10.3M
Total Current Liabilities	1.4M	1.9M	5.0M	7.4M	27.1M	28.4M
Total Stockholder Equity	4.8M	38.0M	171.6M	89.9M	152.7M	160.3M
Property Plant And Equipment Net	683.6K	31.2M	75.6M	23.1M	91.9M	96.5M
Net Debt	(34.5K)	(68.4K)	(42.4M)	(32.7M)	(12.0M)	(12.6M)
Retained Earnings	(11.1M)	(15.7M)	(19.9M)	(131.4M)	(146.9M)	(139.6M)
Cash	34.5K	405.1K	42.4M	32.7M	18.2M	13.4M
Non Current Assets Total	4.6M	31.2M	83.4M	36.0M	107.0M	112.4M
Non Currrent Assets Other	4.0M	3.3M	6.7M	11.1M	10.3M	5.4M
Cash And Short Term Investments	34.5K	6.7M	42.4M	33.3M	64.8M	68.0M
Net Receivables	142.3K	1.9M	97.8K	736.4K	13.9M	14.5M
Common Stock Total Equity	130K	149.0K	154.0K	480.4K	552.5K	580.1K
Common Stock Shares Outstanding	15.2M	30.6M	55.4M	78.6M	87.5M	91.9M
Liabilities And Stockholders Equity	6.6M	39.9M	179.9M	100.4M	189.3M	198.8M
Other Current Assets	529.6K	12.8K	51.1M	27.9M	3.7M	3.5M
Total Liab	1.5M	1.9M	8.3M	10.5M	36.6M	38.5M
Property Plant And Equipment Gross	683.6K	31.2M	82.2M	32.2M	112.6M	118.2M
Total Current Assets	1.9M	8.7M	96.6M	64.4M	82.3M	86.4M
Accumulated Other Comprehensive Income	336.9K	(27.8K)	(102.8K)	0.0	(1.1M)	(1.0M)
Net Tangible Assets	11.6M	3.8M	38.0M	162.6M	187.0M	196.3M
Other Assets	6.8M	4.0M	1.3M	49.9M	57.3M	60.2M
Property Plant Equipment	83.5K	723.8K	29.8M	32.5M	37.4M	39.2M
Net Invested Capital	3.8M	38.0M	162.6M	80.9M	143.7M	150.8M
Net Working Capital	130.7K	6.8M	91.5M	57.0M	56.3M	35.6M
Capital Stock	154.0K	480.4K	9.7M	9.9M	10.1M	5.6M

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