Hut 8 (MEX:HUT1) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Hut 8 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. Hut 8's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Hut 8's long-term debt to total assets ratio declined from Mar. 2023 (0.81) to Mar. 2024 (0.15). It may suggest that Hut 8 is progressively becoming less dependent on debt to grow their business.

Hut 8 LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hut 8'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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Hut 8 LT-Debt-to-Total-Asset Chart

Hut 8 Annual Data

Trend

Jun21

Jun22

LT-Debt-to-Total-Asset

0.01

0.22

Hut 8 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.81	0.79	0.79	-	0.15

Hut 8 LT-Debt-to-Total-Asset Calculation

Hut 8's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (A: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2022 )	/	Total Assets (A: Jun. 2022 )
	=	1065.61	/	4929.413
	=	0.22

Hut 8's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2420.78	/	16580.323
	=	0.15

Hut 8 (MEX:HUT1) 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.

Hut 8 LT-Debt-to-Total-Asset Related Terms

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Hut 8 (MEX:HUT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Corp (MEX:HUT1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HUT:USA V71:Germany HUT:Canada

Address

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

Website

https://www.hut8.com

Hut 8 Corp is harnessing the limitless potential of data by leveraging cutting-edge infrastructure to create value for its customers and shareholders. Led by a seasoned executive team, Hut 8 is bullish on building computing infrastructure that powers Bitcoin mining, traditional data center's, and the dynamic requirements of future technologies like AI and machine learning.

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