BitMine Immersion Technologies (BitMine Immersion Technologies) Debt-to-Revenue : 0.48 (As of Feb. 2024)

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What is BitMine Immersion Technologies Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

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 annualized Revenue for the quarter that ended in Feb. 2024 was $3.57 Mil. BitMine Immersion Technologies's annualized Debt-to-Revenue for the quarter that ended in Feb. 2024 was 0.48.

BitMine Immersion Technologies Debt-to-Revenue Historical Data

The historical data trend for BitMine Immersion Technologies's Debt-to-Revenue 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-Revenue Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Debt-to-Revenue

2.02

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Revenue	Get a 7-Day Free Trial				1.28	2.29	1.33	0.99	0.48

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

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

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

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

BitMine Immersion Technologies Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

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

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(1.3	+	0)	/	0.645
	=	2.02

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

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(1.719	+	0)	/	3.568
	=	0.48

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Feb. 2024) Revenue data.

BitMine Immersion Technologies Debt-to-Revenue 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-Revenue

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.