Cathedra Bitcoin (TSXV:CBIT) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Cathedra Bitcoin 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. Cathedra Bitcoin's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Cathedra Bitcoin's long-term debt to total assets ratio declined from Dec. 2022 (0.72) to Mar. 2024 (0.28). It may suggest that Cathedra Bitcoin is progressively becoming less dependent on debt to grow their business.

Cathedra Bitcoin LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cathedra Bitcoin'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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Cathedra Bitcoin LT-Debt-to-Total-Asset Chart

Cathedra Bitcoin Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.33

0.72

0.31

Cathedra Bitcoin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.72	0.78	0.84	0.31	0.28

Cathedra Bitcoin LT-Debt-to-Total-Asset Calculation

Cathedra Bitcoin'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 )
	=	5.797	/	18.858
	=	0.31

Cathedra Bitcoin'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 )
	=	5.488	/	19.946
	=	0.28

Cathedra Bitcoin (TSXV:CBIT) 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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Cathedra Bitcoin (TSXV:CBIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cathedra Bitcoin Inc (TSXV:CBIT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CBTTF:USA FB00:Germany

Address

320 - 638 Broughton Street, Vancouver, BC, CAN, V6G 3K3

Website

https://www.cathedra.com

Cathedra Bitcoin Inc is a Bitcoin company that believes sound money and abundant energy are the keys to human flourishing. The Company has diversified bitcoin mining operations which produce 355 PH/s across three states and five locations in the United States. The Company is focused on managing and expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.

Executives

Thomas Armstrong

Director, Senior Officer

Cathedra Bitcoin (TSXV:CBIT) Headlines

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