BTCWF (Bluesky Digital Assets) Cash-to-Debt : 0.16 (As of Sep. 2024)

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What is Bluesky Digital Assets Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Bluesky Digital Assets's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.16.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Bluesky Digital Assets couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Bluesky Digital Assets's Cash-to-Debt or its related term are showing as below:

BTCWF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 1.04 Max: No Debt
Current: 0.16

During the past 13 years, Bluesky Digital Assets's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 1.04.

BTCWF's Cash-to-Debt is ranked worse than
87.01% of 785 companies
in the Capital Markets industry
Industry Median: 2.38 vs BTCWF: 0.16

Bluesky Digital Assets Cash-to-Debt Historical Data

The historical data trend for Bluesky Digital Assets's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Bluesky Digital Assets Cash-to-Debt Chart

Bluesky Digital Assets Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.21

5.53

3.38

1.06

0.90

Bluesky Digital Assets Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															2.97	0.41	0.90	0.47	0.16

Competitive Comparison of Bluesky Digital Assets's Cash-to-Debt

For the Capital Markets subindustry, Bluesky Digital Assets's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Bluesky Digital Assets's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bluesky Digital Assets's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Bluesky Digital Assets's Cash-to-Debt falls into.

Bluesky Digital Assets Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Bluesky Digital Assets's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.111	/	(0.097	+	0.027)
	=	0.90

Bluesky Digital Assets's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.019	/	(0.122	+	0)
	=	0.16

Bluesky Digital Assets (OTCPK:BTCWF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Bluesky Digital Assets Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Bluesky Digital Assets's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Bluesky Digital Assets Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bluesky Digital Assets Corp (OTCPK:BTCWF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BTC.PR.A.PFD:Canada BTC:Canada

Address

First Canadian Place, 100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C9

Website

https://www.blueskydigitalassets.com

Bluesky Digital Assets Corp is engaged in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the bitcoin blockchain. The Company receives bitcoin in return for successful service. It has one reportable segment; digital asset mining and all revenues and non-current assets are in Canada.

Bluesky Digital Assets Headlines

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