Hut 8 (HUT) Debt-to-Asset : 0.22 (As of Mar. 2024)

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What is Hut 8 Debt-to-Asset?

Hut 8's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $72.8 Mil. Hut 8's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $145.9 Mil. Hut 8's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $999.0 Mil. Hut 8's debt to asset for the quarter that ended in Mar. 2024 was 0.22.

Hut 8 Debt-to-Asset Historical Data

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

Hut 8 Annual Data

Trend

Jun21

Jun22

Debt-to-Asset

0.11

0.53

Hut 8 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial							0.81	0.80	0.80	-	0.22

Competitive Comparison of Hut 8's Debt-to-Asset

For the Capital Markets subindustry, Hut 8's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hut 8's Debt-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hut 8's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Hut 8's Debt-to-Asset falls into.

Hut 8 Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(77.711	+	52.968)	/	245.025
	=	0.53

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(72.788	+	145.863)	/	999.04
	=	0.22

Hut 8 (NAS:HUT) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Hut 8 Debt-to-Asset Related Terms

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Hut 8 (HUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Corp (NAS:HUT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

HUT1:Mexico 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.

Hut 8 (HUT) Headlines

From GuruFocus

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Hut 8 Corp. (HUT)

By Business Wire • 01-23-2024