The balance sheet shows significant deterioration, with an accumulated deficit of $79.5 million and the recent introduction of $2.2 million in total debt, resulting in a debt-to-equity ratio of 0.23.
Abits Group Inc. (ABTS) balance sheet — 12-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Sep'20 | Sep'20 | Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'14 |
|---|
| Cash & Short Term Investments | 402.12K | 94.13K | 1.12M | 884.2K | 2.51M | 2.51M | 5.25K | 5.25K | 38.02K | 303.96K | 18.49K | 142.17K | 1.77M |
| Cash & Due from Banks | 79.01K | 94.13K | 1.12M | 884.2K | 2.51M | 2.51M | 5.25K | 5.25K | 38.02K | 303.96K | 18.49K | 142.17K | 1.77M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 0 | 0 | 7.09M | 0 | 0 | 0 | 0 | 0 | 500K | 0 | 0 |
| Investments Growth % | 0% | - | - | -100% | - | - | - | - | - | -100% | - | - | - |
| Long-Term Investments | 0 | 0 | 0 | 0 | 7.09M | 0 | 0 | 0 | 0 | 0 | 500K | 0 | 0 |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 229.71K | 1.46M | 1.46M | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 1.45M | 2.49M | 257.75K | 1.19M | 7.09M | 5M | 0 | 0 | 498.26K | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.45M | 2.49M | 257.75K | 1.19M | 7.09M | 5M | 0 | 0 | 498.26K | 0 | 0 | 0 | 0 |
| PP&E (Net) | 6.82M | 9.96M | 9.44M | 9.47M | 12.55M | 0 | 0 | 0 | 0 | 0 | 686.3K | 1.51M | 348.67K |
| Other Assets | 0 | 0 | 0 | 0 | -7.09M | 0 | 0 | 0 | 0 | 0 | 0 | 3.6M | 0 |
| Total Current Assets | 894.42K | 588.5K | 1.68M | 1.66M | 4.89M | 2.74M | 2.3M | 2.3M | 1.24M | 303.96K | 174.17K | 725.75K | 2.51M |
| Total Non-Current Assets | 8.27M | 12.45M | 9.69M | 10.66M | 19.64M | 5M | 0 | 0 | 498.26K | 0 | 1.19M | 5.21M | 348.67K |
| Total Assets | 9.16M | 13.04M | 11.37M | 12.32M | 24.53M | 7.74M | 2.3M | 2.3M | 1.74M | 303.96K | 1.36M | 5.93M | 2.86M |
| Asset Growth % | -10.88% | 14.64% | -7.69% | -49.79% | 217.06% | 237.03% | 31.8% | 31.8% | 473.02% | -77.66% | -77.08% | 107.47% | - |
| Return on Assets (ROA) | -68.1% | -23.51% | -7.87% | -68.31% | -139.73% | -54.62% | 3.6% | 3.6% | 29.37% | -1032.84% | -375.42% | -314.13% | -167.5% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 1.25M | 2.25M | 0 | 0 | 0 | 0 | 359.55K | 359.55K | 301.58K | 7.3M | 2.46M | 2.55M | 0 |
| Net Debt | 1.17M | 2.16M | -1.12M | -884.2K | -2.51M | -2.51M | 354.3K | 354.3K | 263.56K | 7M | 2.44M | 2.41M | -1.77M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 1.25M | 2.25M | 0 | 0 | 0 | 0 | 359.55K | 359.55K | 301.58K | 7.3M | 2.46M | 2.55M | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 2.3M | 3.31M | 990.35K | 1.01M | 613.46K | 1.17M | 1.89M | 1.89M | 1.4M | 10.68M | 4.32M | 5.94M | 7.45M |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.3M | 3.31M | 990.35K | 1.01M | 613.46K | 1.17M | 1.89M | 1.89M | 1.4M | 10.68M | 4.32M | 5.94M | 7.45M |
| Total Equity | 6.86M | 9.73M | 10.38M | 11.31M | 23.92M | 6.57M | 400.77K | 400.77K | 345.6K | -10.38M | -2.96M | -10.16K | -4.59M |
| Equity Growth % | -74.05% | -6.29% | -8.24% | -52.7% | 264.21% | 1538.59% | 15.96% | 15.96% | 103.33% | -250.71% | -29017.99% | 99.78% | - |
| Equity / Assets (Capital Ratio) | 74.85% | 74.63% | 91.29% | 91.84% | 97.5% | 84.88% | 17.46% | 17.46% | 19.84% | -3414.02% | -217.5% | -0.17% | -160.36% |
| Return on Equity (ROE) | -92.29% | -28.54% | -8.59% | -71.44% | -147.91% | -78.64% | 19.49% | 19.49% | 86.94% | - | - | - | - |
| Book Value per Share | 2.13 | 4.10 | 4.38 | 4.77 | 10.09 | 5.20 | 0.31 | 0.31 | 0.27 | -11.55 | -3.33 | -0.01 | -3.47 |
| Tangible BV per Share | 1.68 | 3.06 | 4.27 | 4.27 | 7.10 | 1.24 | 0.31 | 0.31 | -0.12 | -11.55 | -3.33 | -0.01 | -3.47 |
| Common Stock | 35.55K | 35.55K | 35.55K | 35.55K | 35.55K | 19.55K | 16.19K | 16.19K | 16.19K | 67.36K | 67.01K | 64K | 198.3K |
| Additional Paid-in Capital | 91.2M | 89.29M | 89.29M | 89.29M | 89.29M | 49.31M | 40.11M | 40.11M | 40.11M | 36.48M | 35.48M | 0 | 162.91K |
| Retained Earnings | -84.22M | -79.46M | -78.8M | -77.89M | -65.31M | -43.79M | -40.66M | -40.66M | -40.51M | -47.28M | -38.68M | -24.99M | -5M |
| Accumulated OCI | -160.57K | -142.26K | -146.46K | -124.41K | -104.36K | 1.02M | 931.33K | 931.33K | 724.43K | 348.75K | 180.85K | 223.37K | 52.93K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 5.05K | 5.05K | 5.05K | 5.05K | 5.05K | 5.05K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying ABTS stock.
As of 2025, Abits Group Inc. (ABTS) had total assets of $13.0M including $0.6M in current assets.
Abits Group Inc. (ABTS) carries total debt of $2.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Abits Group Inc. (ABTS) has total shareholders' equity (book value) of $9.7M ($4.10 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Abits Group Inc. (ABTS) reported a current ratio of 0.18x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Imminent liquidity and insolvency
Critical Erosion of Liquidity Buffer
According to the most recent financial data, ABTS's cash position has plummeted to a precarious $94,132, resulting in a current ratio of 0.18 that suggests the company lacks the necessary liquid assets to meet its short-term obligations without immediate external capital intervention or asset liquidation.
The rapid decline in the current ratio from 1.69 in late 2024 to 0.18 in 2025Q4 highlights an acute inability to cover current liabilities. This liquidity crunch appears to leave the company with virtually no margin for operational error or unexpected hardware maintenance costs.
Leverage Introduction Amidst Operational Strain
As reported in recent balance sheet filings, ABTS has transitioned from a debt-free status to carrying $2.2 million in total debt as of 2025Q4, which, when paired with a debt-to-equity ratio of 0.23, indicates a shift toward debt financing to sustain operations.
The introduction of debt into the capital structure during a period of negative profitability suggests that management is increasingly reliant on external financing to bridge the gap between operational cash burn and capital requirements. Investors should monitor whether this debt is sustainable given the company's lack of consistent cash flow generation.
Asset Composition and Impairment Risks
Based on the provided balance sheet, the company's $13.0 million in total assets is heavily concentrated in $10.0 million of net PPE, which, as noted in financial disclosures, remains subject to significant depreciation and potential impairment risks inherent in the volatile Bitcoin mining industry.
The reliance on hardware-heavy assets suggests that the company's book value is highly sensitive to the technological obsolescence of its mining fleet. The presence of $2.5 million in goodwill further complicates the asset quality, as it may be subject to future write-downs if the mining business fails to achieve profitability.
Accumulated Deficit Erodes Equity Base
As indicated by the company's financial statements, the retained earnings deficit has deepened to $79.5 million, reflecting a persistent inability to generate positive net income and suggesting that the equity base is being steadily eroded by ongoing operational losses.
The substantial accumulated deficit underscores the long-term challenges the company faces in creating shareholder value. This trend suggests that the current equity position may be insufficient to support future growth initiatives without further dilutive equity offerings.