Hut 8 (MEX:HUT1) LT-Debt-to-Total-Asset : 0.25 (As of Sep. 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 Sep. 2024 was 0.25.

Hut 8's long-term debt to total assets ratio declined from Sep. 2023 (0.79) to Sep. 2024 (0.25). 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	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.79	-	0.15	0.27	0.25

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 Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	5343.357	/	21644.031
	=	0.25

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 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 engaged in the mining of digital assets with an operational focus on utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and receiving Bitcoin in return for successful services. The company has four reportable business segments: Digital Assets Mining, Managed Services, High Performance Computing -Colocation and Cloud, and Other. It derives maximum revenue from Digital Assets Mining segment.

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