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Bullish (BLSH)
NYSE:BLSH
US Market
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Bullish (BLSH) Ratios

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Bullish Ratios

BLSH's free cash flow for Q2 2025 was
lt;0.01. For the 2025 fiscal year, BLSH's free cash flow was decreased by $ and operating cash flow was
lt;0.01. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
34.24 45.20 2.23 43.17
Quick Ratio
27.50 11.04 1.14 7.73
Cash Ratio
0.37 2.99 0.91 7.16
Solvency Ratio
0.13 2.50 -2.79 -1.04
Operating Cash Flow Ratio
-0.35 -3.36 0.13 -0.70
Short-Term Operating Cash Flow Coverage
-1.20 0.00 0.00 0.00
Net Current Asset Value
$ 2.27B$ 1.18B$ 1.85B$ 6.10B
Leverage Ratios
Debt-to-Assets Ratio
0.18 0.24 <0.01 <0.01
Debt-to-Equity Ratio
0.23 0.34 <0.01 <0.01
Debt-to-Capital Ratio
0.19 0.26 <0.01 <0.01
Long-Term Debt-to-Capital Ratio
0.17 0.25 0.00 0.00
Financial Leverage Ratio
1.28 1.41 1.81 1.22
Debt Service Coverage Ratio
1.99 438.63 -33.57 -10.04
Interest Coverage Ratio
0.83 3.42 0.13 -10.06
Debt to Market Cap
0.05 0.04 0.00 0.00
Interest Debt Per Share
3.98 3.03 0.94 0.91
Net Debt to EBITDA
3.89 0.25 0.33 0.96
Profitability Margins
Gross Profit Margin
<0.01%-0.02%>-0.01%-78.96%
EBIT Margin
0.05%1.12%-5.65%-96.41%
EBITDA Margin
0.05%1.12%-5.65%-96.38%
Operating Profit Margin
0.01%<0.01%0.02%-96.53%
Pretax Profit Margin
0.03%1.12%-5.82%-106.01%
Net Profit Margin
0.03%1.12%-5.82%-106.03%
Continuous Operations Profit Margin
0.03%1.12%-5.82%-106.03%
Net Income Per EBT
92.86%99.82%100.03%100.02%
EBT Per EBIT
264.92%12745.78%-27089.69%109.82%
Return on Assets (ROA)
2.58%72.00%-124.66%-18.80%
Return on Equity (ROE)
3.29%101.38%-225.50%-22.93%
Return on Capital Employed (ROCE)
1.08%0.58%0.83%-17.52%
Return on Invested Capital (ROIC)
1.00%0.58%0.83%-17.52%
Return on Tangible Assets
2.68%75.12%-124.70%-18.80%
Earnings Yield
0.79%13.07%-42.71%-14.10%
Efficiency Ratios
Receivables Turnover
1.40K 4.75K 833.50 110.13K
Payables Turnover
0.00 1.88M 1.10K 70.42
Inventory Turnover
436.08 90.38 43.96 0.39
Fixed Asset Turnover
17.73K 8.41K 4.21K 159.88
Asset Turnover
82.12 64.56 21.40 0.18
Working Capital Turnover Ratio
111.34 65.94 15.96 0.00
Cash Conversion Cycle
1.10 4.12 8.41 937.91
Days of Sales Outstanding
0.26 0.08 0.44 <0.01
Days of Inventory Outstanding
0.84 4.04 8.30 943.09
Days of Payables Outstanding
0.00 <0.01 0.33 5.18
Operating Cycle
1.10 4.12 8.74 943.10
Cash Flow Ratios
Operating Cash Flow Per Share
-0.21 -0.87 1.33 -0.83
Free Cash Flow Per Share
-0.23 -0.87 1.32 -3.11
CapEx Per Share
0.03 <0.01 <0.01 2.29
Free Cash Flow to Operating Cash Flow
1.12 1.01 0.99 3.76
Dividend Paid and CapEx Coverage Ratio
-8.08 -0.24 151.57 -0.17
Capital Expenditure Coverage Ratio
-8.08 -131.13 151.57 -0.36
Operating Cash Flow Coverage Ratio
-0.06 -0.29 13.80 -18.61
Operating Cash Flow to Sales Ratio
>-0.01 >-0.01 <0.01 -0.09
Free Cash Flow Yield
-0.34%-1.28%1.95%-4.58%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
126.59 7.65 -2.34 -7.09
Price-to-Sales (P/S) Ratio
0.04 0.09 0.14 7.52
Price-to-Book (P/B) Ratio
4.16 7.76 5.28 1.63
Price-to-Free Cash Flow (P/FCF) Ratio
-295.06 -77.88 51.34 -21.83
Price-to-Operating Cash Flow Ratio
-331.58 -78.48 51.00 -82.19
Price-to-Earnings Growth (PEG) Ratio
-1.35 -0.06 -0.01 0.00
Price-to-Fair Value
4.16 7.76 5.28 1.63
Enterprise Value Multiple
79.40 7.84 -2.08 -6.84
Enterprise Value
10.45B 10.27B 8.57B 8.71B
EV to EBITDA
79.40 7.84 -2.08 -6.84
EV to Sales
0.04 0.09 0.12 6.59
EV to Free Cash Flow
-310.24 -80.45 44.26 -19.14
EV to Operating Cash Flow
-348.64 -81.06 43.97 -72.03
Tangible Book Value Per Share
15.64 8.26 12.87 41.79
Shareholders’ Equity Per Share
16.35 8.77 12.88 41.80
Tax and Other Ratios
Effective Tax Rate
0.06 <0.01 >-0.01 >-0.01
Revenue Per Share
1.71K 796.99 498.66 9.04
Net Income Per Share
0.54 8.89 -29.04 -9.59
Tax Burden
0.93 1.00 1.00 1.00
Interest Burden
0.69 1.00 1.03 1.10
Research & Development to Revenue
0.00 0.00 0.00 0.00
SG&A to Revenue
<0.01 <0.01 <0.01 0.07
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 0.03
Income Quality
-0.38 -0.10 -0.05 0.09
Currency in USD
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