Argo Blockchain plc

Argo Blockchain plcverified

ARBK

Price:

$1.09

Market Cap:

$76.99M

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. Argo Blockchain plc was incorporated in 2017 and is headquartered in London, the United Kingdom.[Read more]

Industry

Financial - Capital Markets

IPO Date

2021-09-23

Stock Exchange

NASDAQ

Ticker

ARBK

The Current Ratio as of September 2024 (TTM) for Argo Blockchain plc (ARBK) is 0.43

According to Argo Blockchain plc’s latest financial reports and current stock price. The company's current Current Ratio is 0.43. This represents a change of -21.88% compared to the average of 0.55 of the last 4 quarters.

Argo Blockchain plc (ARBK) Historical Current Ratio (quarterly & annually)

How has ARBK Current Ratio performed in the past?

The mean historical Current Ratio of Argo Blockchain plc over the last ten years is 15.39. The current 0.43 Current Ratio has changed 181.04% with respect to the historical average. Over the past ten years (40 quarters), ARBK's Current Ratio was at its highest in in the March 2018 quarter at 84.96. The Current Ratio was at its lowest in in the June 2024 quarter at 0.43.

Quarterly (TTM)
Annual

Average

15.39

Median

1.57

Minimum

0.54

Maximum

84.96

Argo Blockchain plc (ARBK) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Argo Blockchain plc Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 143.92%

Maximum Annual Current Ratio = 84.96

Minimum Annual Increase = -99.03%

Minimum Annual Current Ratio = 0.54

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.54-51.95%
20221.13-60.51%
20212.8541.76%
20202.01143.92%
20190.82-99.03%

Argo Blockchain plc (ARBK) Average Current Ratio

How has ARBK Current Ratio performed in the past?

The current Current Ratio of Argo Blockchain plc (ARBK) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.51

5-year avg

1.47

10-year avg

15.39

Argo Blockchain plc (ARBK) Current Ratio vs. Peers

How is ARBK’s Current Ratio compared to its peers?

Argo Blockchain plc’s Current Ratio is less than TeraWulf Inc. (1.20), less than Iris Energy Limited (8.87), greater than Stronghold Digital Mining, Inc. (0.34), less than Bitfarms Ltd. (5.11), less than DMG Blockchain Solutions Inc. (2.33), less than APAC Resources Limited (6.13), less than Arcane Crypto AB (1.73), less than Athena Bitcoin Global (0.87), less than Cipher Mining Inc. (8.49), less than Greenidge Generation Holdings Inc. (1.22), less than CleanSpark, Inc. (8.94),

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