BitMine Immersion Technologies (BitMine Immersion Technologies) Debt-to-Equity : 0.35 (As of Feb. 2024)

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What is BitMine Immersion Technologies Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Feb. 2024 was $4.98 Mil. BitMine Immersion Technologies's debt to equity for the quarter that ended in Feb. 2024 was 0.35.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for BitMine Immersion Technologies's Debt-to-Equity or its related term are showing as below:

BMNR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.21 Max: 0.36
Current: 0.35

During the past 2 years, the highest Debt-to-Equity Ratio of BitMine Immersion Technologies was 0.36. The lowest was 0.12. And the median was 0.21.

BMNR's Debt-to-Equity is ranked better than
52.14% of 608 companies
in the Capital Markets industry
Industry Median: 0.38 vs BMNR: 0.35

BitMine Immersion Technologies Debt-to-Equity Historical Data

The historical data trend for BitMine Immersion Technologies's Debt-to-Equity 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.

* Premium members only.

BitMine Immersion Technologies Debt-to-Equity Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Debt-to-Equity

0.21

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial				0.12	0.20	0.21	0.36	0.35

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

For the Capital Markets subindustry, BitMine Immersion Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Capital Markets Industry

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

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

BitMine Immersion Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.3	+	0)	/	6.257
	=	0.21

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.719	+	0)	/	4.982
	=	0.35

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

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

BitMine Immersion Technologies Debt-to-Equity 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-Equity

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.