Bitnine Co (XKRX:357880) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Bitnine Co 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. Bitnine Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Bitnine Co's long-term debt to total assets ratio declined from Sep. 2023 (0.32) to Sep. 2024 (0.02). It may suggest that Bitnine Co is progressively becoming less dependent on debt to grow their business.

Bitnine Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bitnine Co'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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Bitnine Co LT-Debt-to-Total-Asset Chart

Bitnine Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.05

0.08

0.26

0.02

Bitnine Co Quarterly Data
	Dec20	Mar21	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											0.32	0.02	0.02	0.02	0.02

Bitnine Co LT-Debt-to-Total-Asset Calculation

Bitnine Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1177.241	/	60170.044
	=	0.02

Bitnine Co'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 )
	=	820.699	/	54100.334
	=	0.02

Bitnine Co (XKRX:357880) 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.

Bitnine Co LT-Debt-to-Total-Asset Related Terms

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Bitnine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitnine Co Ltd (XKRX:357880) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Yangcheon-ro, A 1201 Hangang Xi Tower, Gangseo-gu, Seoul, KOR

Website

https://bitnine.net

Bitnine Co Ltd is a graph technology company that is working in the global market through multi-model database products. Its products include Agence Graph, AG Cloud, Apache AGE, and G-Pass among others.

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