Bit Digital (MEX:BTBT) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Bit Digital 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. Bit Digital's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Bit Digital's long-term debt to total assets ratio declined from Dec. 2023 (0.02) to Dec. 2024 (0.02). It may suggest that Bit Digital is progressively becoming less dependent on debt to grow their business.

Bit Digital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bit Digital'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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Bit Digital LT-Debt-to-Total-Asset Chart

Bit Digital Annual Data

Trend

Dec15

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Dec17

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Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

Bit Digital Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.01	0.02	0.02

Bit Digital LT-Debt-to-Total-Asset Calculation

Bit Digital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	193.478	/	11225.539
	=	0.02

Bit Digital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	193.478	/	11225.539
	=	0.02

Bit Digital (MEX:BTBT) 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.

Bit Digital LT-Debt-to-Total-Asset Related Terms

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Bit Digital Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Digital Inc (MEX:BTBT) » Definitions » LT-Debt-to-Total-Asset

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BTBT:USA

Address

31 Hudson Yards, Floor 11, New York, NY, USA, 10001

Website

https://www.bit-digital.com

Bit Digital Inc is engaged in the Bitcoin mining business, Ethereum staking activities and specialized cloud-infrastructure services for artificial intelligence applications through its wholly owned subsidiaries. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. The Company has four reportable segments: digital asset mining, cloud services, colocation services, and ETH Staking. It generates majority of its revenue from digital asset mining.