Hut 8 (MEX:HUT1) Debt-to-Asset : 0.23 (As of Dec. 2024)

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What is Hut 8 Debt-to-Asset?

Hut 8's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was MXN1,511 Mil. Hut 8's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was MXN5,698 Mil. Hut 8's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was MXN31,677 Mil. Hut 8's debt to asset for the quarter that ended in Dec. 2024 was 0.23.

Hut 8 Debt-to-Asset Historical Data

The historical data trend for Hut 8'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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Hut 8 Debt-to-Asset Chart

Hut 8 Annual Data

Trend

Jun21

Jun22

Jun23

Dec24

Debt-to-Asset

0.11

0.53

0.80

0.23

Hut 8 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial										0.28	0.22	0.34	0.31	0.23

Competitive Comparison of Hut 8's Debt-to-Asset

For the Capital Markets subindustry, Hut 8'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.

Hut 8's Debt-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hut 8's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Hut 8's Debt-to-Asset falls into.

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Hut 8 Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Hut 8's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(1510.724	+	5698.028)	/	31676.888
	=	0.23

Hut 8's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(1510.724	+	5698.028)	/	31676.888
	=	0.23

Hut 8 (MEX:HUT1) 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.

Hut 8 Debt-to-Asset Related Terms

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Hut 8 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Corp (MEX:HUT1) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

HUT:USA V71:Germany HUT:Canada

Address

1101 Brickell Avenue, Suite 1500, Miami, FL, USA, 33131

Website

https://www.hut8.com

Hut 8 Corp is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. The company has four reportable business segments: Power, Digital Infrastructure, Compute, and Other. It derives maximum revenue from the Compute segment which consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. Its geographical segments include the United States and Canada, of which it generates the majority of revenue from the United States.

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