Hut 8 (HUT) Debt-to-Equity : 0.35 (As of Dec. 2024)

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What is Hut 8 Debt-to-Equity?

Hut 8's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $72.4 Mil. Hut 8's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $273.2 Mil. Hut 8's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $976.7 Mil. Hut 8's debt to equity for the quarter that ended in Dec. 2024 was 0.35.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Hut 8's Debt-to-Equity or its related term are showing as below:

HUT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.92 Max: 5.57
Current: 0.35

During the past 4 years, the highest Debt-to-Equity Ratio of Hut 8 was 5.57. The lowest was 0.13. And the median was 0.92.

HUT's Debt-to-Equity is ranked worse than
53.54% of 594 companies
in the Capital Markets industry
Industry Median: 0.285 vs HUT: 0.35

Hut 8 Debt-to-Equity Historical Data

The historical data trend for Hut 8's Debt-to-Equity 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.

Hut 8 Debt-to-Equity Chart

Hut 8 Annual Data

Trend

Jun21

Jun22

Jun23

Dec24

Debt-to-Equity

0.13

1.49

5.57

0.35

Hut 8 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial										0.42	0.30	0.56	0.49	0.35

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

For the Capital Markets subindustry, Hut 8's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Capital Markets Industry

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

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

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Hut 8 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hut 8's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(72.437	+	273.212)	/	976.669
	=	0.35

Hut 8's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(72.437	+	273.212)	/	976.669
	=	0.35

Hut 8 (NAS:HUT) Debt-to-Equity Explanation

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

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Hut 8 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Hut 8's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Hut 8 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Corp (NAS:HUT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HUT1:Mexico V71:Germany HUT:Canada

Address

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

Website

https://www.hut8.com

Hut 8 Corp is engaged in the mining of digital assets with an operational focus on utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and receiving Bitcoin in return for successful services. The company has four reportable business segments: Digital Assets Mining, Managed Services, High Performance Computing -Colocation and Cloud, and Other. It derives maximum revenue from Digital Assets Mining segment.