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BTCWF (Bluesky Digital Assets) Liabilities-to-Assets : 0.52 (As of Sep. 2024)


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What is Bluesky Digital Assets Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Bluesky Digital Assets's Total Liabilities for the quarter that ended in Sep. 2024 was $0.65 Mil. Bluesky Digital Assets's Total Assets for the quarter that ended in Sep. 2024 was $1.25 Mil. Therefore, Bluesky Digital Assets's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 was 0.52.


Bluesky Digital Assets Liabilities-to-Assets Historical Data

The historical data trend for Bluesky Digital Assets's Liabilities-to-Assets 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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Bluesky Digital Assets Liabilities-to-Assets Chart

Bluesky Digital Assets Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.32 0.44 0.72 0.97

Bluesky Digital Assets Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
Liabilities-to-Assets 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 0.66 0.83 0.97 0.60 0.52

Competitive Comparison of Bluesky Digital Assets's Liabilities-to-Assets

For the Capital Markets subindustry, Bluesky Digital Assets's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Bluesky Digital Assets's Liabilities-to-Assets Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bluesky Digital Assets's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Bluesky Digital Assets's Liabilities-to-Assets falls into.


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Bluesky Digital Assets Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Bluesky Digital Assets's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=0.638/0.656
=0.97

Bluesky Digital Assets's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 is calculated as

Liabilities-to-Assets (Q: Sep. 2024 )=Total Liabilities/Total Assets
=0.648/1.252
=0.52

* 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.


Bluesky Digital Assets  (OTCPK:BTCWF) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Bluesky Digital Assets Liabilities-to-Assets Related Terms

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Bluesky Digital Assets Business Description

Traded in Other Exchanges
Address
First Canadian Place, 100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C9
Bluesky Digital Assets Corp is engaged in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the bitcoin blockchain. The Company receives bitcoin in return for successful service. It has one reportable segment; digital asset mining and all revenues and non-current assets are in Canada.

Bluesky Digital Assets Headlines