BCNWF (Bitcoin Well) Debt-to-Asset : 1.60 (As of Sep. 2024)

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What is Bitcoin Well Debt-to-Asset?

Bitcoin Well's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $9.79 Mil. Bitcoin Well's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $10.47 Mil. Bitcoin Well's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $12.70 Mil. Bitcoin Well's debt to asset for the quarter that ended in Sep. 2024 was 1.60.

Bitcoin Well Debt-to-Asset Historical Data

The historical data trend for Bitcoin Well'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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Bitcoin Well Debt-to-Asset Chart

Bitcoin Well Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.99

0.96

0.68

1.35

1.55

Bitcoin Well Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															1.53	1.55	1.30	1.50	1.60

Competitive Comparison of Bitcoin Well's Debt-to-Asset

For the Capital Markets subindustry, Bitcoin Well'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.

Bitcoin Well's Debt-to-Asset Distribution in the Capital Markets Industry

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

* The bar in red indicates where Bitcoin Well's Debt-to-Asset falls into.

Bitcoin Well Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Bitcoin Well's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(4.525	+	12.706)	/	11.111
	=	1.55

Bitcoin Well's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(9.79	+	10.47)	/	12.702
	=	1.60

Bitcoin Well (OTCPK:BCNWF) 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.

Bitcoin Well Debt-to-Asset Related Terms

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Bitcoin Well Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitcoin Well Inc (OTCPK:BCNWF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

BTCW:Canada

Address

10142 82 Avenue NW, Suite 1900, Edmonton, AB, CAN, T6E 1Z4

Website

https://www.bitcoinwell.com

Bitcoin Well Inc offers ways to buy and sell bitcoin and other cryptocurrencies through a Bitcoin ATM network and suite of web-based transaction services. The company operates two business units, consisting of (i) Bitcoin ATMs and (ii) the Online Bitcoin Portal. The Bitcoin ATM business unit operates a fleet of over 180 Bitcoin ATM machines placed and operating throughout Canada.