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Bluesky Digital Assets (XCNQ:BTC.PR.A.PFD) Debt-to-Equity : 0.66 (As of Sep. 2023)


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What is Bluesky Digital Assets Debt-to-Equity?

Bluesky Digital Assets's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.13 Mil. Bluesky Digital Assets's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.05 Mil. Bluesky Digital Assets's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$0.28 Mil. Bluesky Digital Assets's debt to equity for the quarter that ended in Sep. 2023 was 0.66.

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 Bluesky Digital Assets's Debt-to-Equity or its related term are showing as below:

XCNQ:BTC.PR.A.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.22   Max: 4.86
Current: 0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Bluesky Digital Assets was 4.86. The lowest was 0.00. And the median was 0.22.

XCNQ:BTC.PR.A.PFD's Debt-to-Equity is ranked worse than
62.99% of 608 companies
in the Capital Markets industry
Industry Median: 0.37 vs XCNQ:BTC.PR.A.PFD: 0.66

Bluesky Digital Assets Debt-to-Equity Historical Data

The historical data trend for Bluesky Digital Assets'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.

Bluesky Digital Assets Debt-to-Equity Chart

Bluesky Digital Assets Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.20 0.21 0.06 0.48

Bluesky Digital Assets Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.48 4.86 0.29 0.66

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

For the Capital Markets subindustry, Bluesky Digital Assets'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.


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

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

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



Bluesky Digital Assets Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bluesky Digital Assets's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Bluesky Digital Assets's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

* 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.


Bluesky Digital Assets  (XCNQ:BTC.PR.A.PFD) 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.


Bluesky Digital Assets Debt-to-Equity Related Terms

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


Bluesky Digital Assets (XCNQ:BTC.PR.A.PFD) Business Description

Traded in Other Exchanges
Address
First Canadian Place, 100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C9
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 (XCNQ:BTC.PR.A.PFD) Headlines

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