BMNR (BitMine Immersion Technologies) LT-Debt-to-Total-Asset : 0.00 (As of Nov. 2024)

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What is BitMine Immersion Technologies LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. BitMine Immersion Technologies's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.00.

BitMine Immersion Technologies's long-term debt to total assets ratio stayed the same from Nov. 2023 (0.00) to Nov. 2024 (0.00).

BitMine Immersion Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for BitMine Immersion Technologies's LT-Debt-to-Total-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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BitMine Immersion Technologies LT-Debt-to-Total-Asset Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	-	-	-	-

BitMine Immersion Technologies LT-Debt-to-Total-Asset Calculation

BitMine Immersion Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	0	/	7.284
	=	0.00

BitMine Immersion Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	0	/	7.935
	=	0.00

BitMine Immersion Technologies (OTCPK:BMNR) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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BitMine Immersion Technologies Business Description

Industry

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

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Traded in Other Exchanges

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Address

10845 Griffith Peak, Drive 2, Las Vegas, NV, USA, 89135

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 account as well as hosting third-party Bitcoin mining servers. The Company's primary business is self-mining bitcoin for its own account, as well as hosting third-party equipment used in mining of digital asset coins and tokens, specifically bitcoin. Company's state of the art facilities will be specifically designed and constructed for housing mining equipment. The data centers will provide power, racks, proprietary thermodynamic management.