Cathedra Bitcoin (TSXV:CBIT) Total Assets : C$18.86 Mil (As of Dec. 2023)

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What is Cathedra Bitcoin Total Assets?

Cathedra Bitcoin's Total Assets for the quarter that ended in Dec. 2023 was C$18.86 Mil.

During the past 12 months, Cathedra Bitcoin's average Total Assets Growth Rate was -18.90% per year. During the past 3 years, the average Total Assets Growth Rate was 22.50% per year. During the past 5 years, the average Total Assets Growth Rate was 203.20% per year.

During the past 12 years, Cathedra Bitcoin's highest 3-Year average Total Assets Growth Rate was 1606.10%. The lowest was -50.00%. And the median was 252.40%.

Total Assets is connected with ROA %. Cathedra Bitcoin's annualized ROA % for the quarter that ended in Dec. 2023 was 61.00%. Total Assets is also linked to Revenue through Asset Turnover. Cathedra Bitcoin's Asset Turnover for the quarter that ended in Dec. 2023 was 0.16.

Cathedra Bitcoin Total Assets Historical Data

The historical data trend for Cathedra Bitcoin's Total Assets 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 Total Assets Chart

Cathedra Bitcoin Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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11.23

16.98

58.37

25.76

18.86

Cathedra Bitcoin Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															47.61	25.76	24.57	22.02	18.86

Cathedra Bitcoin Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Cathedra Bitcoin's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	9.255	+	9.603
	=	18.86

Cathedra Bitcoin's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	9.255	+	9.603
	=	18.86

Cathedra Bitcoin (TSXV:CBIT) Total Assets Explanation

Total Assets is connected with ROA %.

Cathedra Bitcoin's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	12.468	/	( (22.019	+	18.858)	/ 2 )
	=	12.468	/	20.4385
	=	61.00 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Cathedra Bitcoin's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	3.254	/	( (22.019	+	18.858)	/ 2 )
=	3.254	/	20.4385
=	0.16

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Cathedra Bitcoin Total Assets Related Terms

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Cathedra Bitcoin (TSXV:CBIT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cathedra Bitcoin Inc (TSXV:CBIT) » Definitions » Total Assets

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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.

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