BitMine Immersion Technologies (BitMine Immersion Technologies) Debt-to-Asset : 0.22 (As of Feb. 2024)

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What is BitMine Immersion Technologies Debt-to-Asset?

BitMine Immersion Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $1.72 Mil. BitMine Immersion Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. BitMine Immersion Technologies's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was $7.85 Mil. BitMine Immersion Technologies's debt to asset for the quarter that ended in Feb. 2024 was 0.22.

BitMine Immersion Technologies Debt-to-Asset Historical Data

The historical data trend for BitMine Immersion Technologies's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BitMine Immersion Technologies Debt-to-Asset Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Debt-to-Asset

0.16

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial				0.10	0.15	0.16	0.24	0.22

Competitive Comparison of BitMine Immersion Technologies's Debt-to-Asset

For the Capital Markets subindustry, BitMine Immersion Technologies's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BitMine Immersion Technologies's Debt-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where BitMine Immersion Technologies's Debt-to-Asset falls into.

BitMine Immersion Technologies Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

BitMine Immersion Technologies's Debt-to-Asset for the fiscal year that ended in Aug. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.3	+	0)	/	8.203
	=	0.16

BitMine Immersion Technologies's Debt-to-Asset for the quarter that ended in Feb. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.719	+	0)	/	7.85
	=	0.22

BitMine Immersion Technologies (OTCPK:BMNR) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

BitMine Immersion Technologies Debt-to-Asset Related Terms

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BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.