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BIT Mining (BIT Mining) Debt-to-Revenue : 0.01 (As of Sep. 2023)


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What is BIT Mining Debt-to-Revenue?

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

BIT Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.5 Mil. BIT Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.6 Mil. BIT Mining's annualized Revenue for the quarter that ended in Sep. 2023 was $308.1 Mil. BIT Mining's annualized Debt-to-Revenue for the quarter that ended in Sep. 2023 was 0.01.


BIT Mining Debt-to-Revenue Historical Data

The historical data trend for BIT Mining's Debt-to-Revenue 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.

BIT Mining Debt-to-Revenue Chart

BIT Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 0.67 0.01 0.01 0.09

BIT Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.01 0.01 0.01 0.09

Competitive Comparison of BIT Mining's Debt-to-Revenue

For the Information Technology Services subindustry, BIT Mining's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.


BIT Mining's Debt-to-Revenue Distribution in the Software Industry

For the Software industry and Technology sector, BIT Mining's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where BIT Mining's Debt-to-Revenue falls into.



BIT Mining Debt-to-Revenue Calculation

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

BIT Mining's Debt-to-Revenue for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1.367 + 2.837) / 650.227
=0.01

BIT Mining's annualized Debt-to-Revenue for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1.462 + 2.593) / 308.068
=0.01

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Sep. 2023) Revenue data.


BIT Mining Debt-to-Revenue Related Terms

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BIT Mining (BIT Mining) Business Description

Traded in Other Exchanges
Address
428 South Seiberling Street, Akron, OH, USA, 44306
BIT Mining Ltd is a cryptocurrency mining company, with a long-term strategy to encompass the whole cryptocurrency value chain. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The company has significant and growing deployed Bitcoin mining machine capacity, owns three hydroelectric cryptocurrency mines with combined power capacity of 435MW and the entire mining pool business operated under BTC.com, including the domain name and wallet. It has also entered into a definitive agreement to acquire a 7 nanometer cryptocurrency mining machine manufacturer "Bee Computing", completing its vertical integration, making self-sufficient while also strengthening competitive position.