Bit Digital (Bit Digital) Debt-to-Asset : 0.02 (As of Mar. 2024)

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What is Bit Digital Debt-to-Asset?

Bit Digital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.96 Mil. Bit Digital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3.80 Mil. Bit Digital's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $291.11 Mil. Bit Digital's debt to asset for the quarter that ended in Mar. 2024 was 0.02.

Bit Digital Debt-to-Asset Historical Data

The historical data trend for Bit Digital'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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Bit Digital Debt-to-Asset Chart

Bit Digital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.03

Bit Digital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															-	-	-	0.03	0.02

Competitive Comparison of Bit Digital's Debt-to-Asset

For the Capital Markets subindustry, Bit Digital'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.

Bit Digital's Debt-to-Asset Distribution in the Capital Markets Industry

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

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

Bit Digital Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Bit Digital'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
	=	(1.865	+	4.351)	/	189.328
	=	0.03

Bit Digital's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(1.955	+	3.8)	/	291.111
	=	0.02

Bit Digital (NAS:BTBT) 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.

Bit Digital Debt-to-Asset Related Terms

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Bit Digital (Bit Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Digital Inc (NAS:BTBT) » Definitions » Debt-to-Asset

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BTBT:Mexico

Address

33 Irving Place, New York, NY, USA, 10003

Website

https://www.bit-digital.com

Bit Digital Inc is engaged in the Bitcoin mining business. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from cryptocurrency mining.