BitFarm ApS

CVR number: 38437372
Nyhavn 31 G, 1051 København K
cs@bitfarm.dk
www.bitfarm.dk

Credit rating

Company information

Official name
BitFarm ApS
Established
2017
Company form
Private limited company
Industry
  • Expand more icon62Computer programming, consultancy and related activities

About BitFarm ApS

BitFarm ApS (CVR number: 38437372) is a company from KØBENHAVN. The company recorded a gross profit of 636.5 kDKK in 2023. The operating profit was 636.5 kDKK, while net earnings were 492.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 105.8 %, which can be considered excellent and Return on Equity (ROE) was 103.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 93 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. BitFarm ApS's liquidity measured by quick ratio was 14.3 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit-13.90-16.6715.76468.72636.46
EBIT-13.90-16.6715.76468.72636.46
Net earnings-17.43-48.3710.14371.67492.38
Shareholders equity total72.1823.8233.95405.62548.00
Balance sheet total (assets)78.6631.5747.48614.15589.19
Net debt-59.69-24.01-47.48- 614.15- 588.12
Profitability
EBIT-%
ROA-16.2 %28.0 %53.5 %141.7 %105.8 %
ROE-21.5 %-100.8 %35.1 %169.1 %103.3 %
ROI-17.2 %-101.6 %35.9 %213.3 %133.5 %
Economic value added (EVA)-17.04-17.0816.04372.92506.01
Solvency
Equity ratio91.8 %75.4 %71.5 %66.0 %93.0 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio9.43.43.52.914.3
Current ratio9.43.43.52.914.3
Cash and cash equivalents59.6924.0147.48614.15588.12
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBC

Variable visualization

ROA:105.8%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:93.0%
Rating: 74/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

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