BitMine Immersion Technologies (BitMine Immersion Technologies) Debt-to-EBITDA : -0.70 (As of Feb. 2024)

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What is BitMine Immersion Technologies Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

BitMine Immersion Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $1.72 Mil. BitMine Immersion Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. BitMine Immersion Technologies's annualized EBITDA for the quarter that ended in Feb. 2024 was $-2.45 Mil. BitMine Immersion Technologies's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2024 was -0.70.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for BitMine Immersion Technologies's Debt-to-EBITDA or its related term are showing as below:

BMNR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.69 Med: -0.69 Max: -0.68
Current: -0.68

During the past 2 years, the highest Debt-to-EBITDA Ratio of BitMine Immersion Technologies was -0.68. The lowest was -0.69. And the median was -0.69.

BMNR's Debt-to-EBITDA is ranked worse than
100% of 424 companies
in the Capital Markets industry
Industry Median: 1.29 vs BMNR: -0.68

BitMine Immersion Technologies Debt-to-EBITDA Historical Data

The historical data trend for BitMine Immersion Technologies's Debt-to-EBITDA 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.

* Premium members only.

BitMine Immersion Technologies Debt-to-EBITDA Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Debt-to-EBITDA

-0.69

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-EBITDA	Get a 7-Day Free Trial				-1.02	-0.93	-0.34	-0.83	-0.70

Competitive Comparison of BitMine Immersion Technologies's Debt-to-EBITDA

For the Capital Markets subindustry, BitMine Immersion Technologies's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

BitMine Immersion Technologies's Debt-to-EBITDA Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where BitMine Immersion Technologies's Debt-to-EBITDA falls into.

BitMine Immersion Technologies Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

BitMine Immersion Technologies's Debt-to-EBITDA for the fiscal year that ended in Aug. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.3	+	0)	/	-1.897
	=	-0.69

BitMine Immersion Technologies's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1.719	+	0)	/	-2.452
	=	-0.70

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Feb. 2024) EBITDA data.

BitMine Immersion Technologies (OTCPK:BMNR) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

BitMine Immersion Technologies Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of BitMine Immersion Technologies's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.