Bitcoin Well (TSXV:BTCW) Debt-to-Asset : 1.30 (As of Mar. 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 Mar. 2024 was C$5.99 Mil. Bitcoin Well's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$24.04 Mil. Bitcoin Well's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$23.06 Mil. Bitcoin Well's debt to asset for the quarter that ended in Mar. 2024 was 1.30.

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
Debt-to-Asset	Get a 7-Day Free Trial													1.46	1.45	1.53	1.55	1.30

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
	=	(6.071	+	17.047)	/	14.906
	=	1.55

Bitcoin Well'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
	=	(5.987	+	24.041)	/	23.063
	=	1.30

Bitcoin Well (TSXV:BTCW) 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 (TSXV:BTCW) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

BCNWF:USA

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.

Executives

Terry Curtis Rhode

Director