Bitnine Co (XKRX:357880) Debt-to-Asset : 0.39 (As of Mar. 2024)

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What is Bitnine Co Debt-to-Asset?

Bitnine Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩21,661 Mil. Bitnine Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩1,081 Mil. Bitnine Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₩57,702 Mil. Bitnine Co's debt to asset for the quarter that ended in Mar. 2024 was 0.39.

Bitnine Co Debt-to-Asset Historical Data

The historical data trend for Bitnine Co'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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Bitnine Co Debt-to-Asset Chart

Bitnine Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

0.43

0.60

0.01

0.27

Bitnine Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial									0.29	0.30	0.33	0.37	0.39

Competitive Comparison of Bitnine Co's Debt-to-Asset

For the Software - Infrastructure subindustry, Bitnine Co'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.

Bitnine Co's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Bitnine Co's Debt-to-Asset distribution charts can be found below:

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

Bitnine Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Bitnine Co's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(688.022	+	18975.999)	/	72099.208
	=	0.27

Bitnine Co'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
	=	(21660.578	+	1081.049)	/	57701.593
	=	0.39

Bitnine Co (XKRX:357880) 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.

Bitnine Co Debt-to-Asset Related Terms

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Bitnine Co (XKRX:357880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitnine Co Ltd (XKRX:357880) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Yangcheon-ro, A 1201 Hangang Xi Tower, Gangseo-gu, Seoul, KOR

Website

https://bitnine.net

Bitnine Co Ltd is a graph technology company that is working in the global market through multi-model database products. Its products include Agence Graph, AG Cloud, Apache AGE, and G-Pass among others.

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