Bit Brother (Bit Brother) Debt-to-Equity : 0.03 (As of Jun. 2023)

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What is Bit Brother Debt-to-Equity?

Bit Brother's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.43 Mil. Bit Brother's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.57 Mil. Bit Brother's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $29.46 Mil. Bit Brother's debt to equity for the quarter that ended in Jun. 2023 was 0.03.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Bit Brother's Debt-to-Equity or its related term are showing as below:

BETSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.81 Max: 4.25
Current: 0.03

During the past 12 years, the highest Debt-to-Equity Ratio of Bit Brother was 4.25. The lowest was 0.00. And the median was 0.81.

BETSF's Debt-to-Equity is ranked better than
86.21% of 609 companies
in the Capital Markets industry
Industry Median: 0.37 vs BETSF: 0.03

Bit Brother Debt-to-Equity Historical Data

The historical data trend for Bit Brother's Debt-to-Equity 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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Bit Brother Debt-to-Equity Chart

Bit Brother Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.04

0.03

Bit Brother Semi-Annual Data
	Oct13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	0.01	0.03

Competitive Comparison of Bit Brother's Debt-to-Equity

For the Capital Markets subindustry, Bit Brother's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Bit Brother's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bit Brother's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bit Brother's Debt-to-Equity falls into.

Bit Brother Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bit Brother's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.433	+	0.566)	/	29.463
	=	0.03

Bit Brother's Debt to Equity Ratio for the quarter that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.433	+	0.566)	/	29.463
	=	0.03

Bit Brother (OTCPK:BETSF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Bit Brother Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Bit Brother's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Bit Brother (Bit Brother) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Brother Ltd (OTCPK:BETSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

29D:Germany

Address

53 Binjiang Road, 15/F, Block A, Kineer Business Centre, Yuelu District, Changsha, Hunan, CHN, 410023

Website

https://www.bitbrother.com

Bit Brother Ltd formerly Urban Tea Inc through its subsidiaries operates in two business segments, Tea shop chains and block chain and digital asset mining. Through Tea shop chains the company is engaged in specialty tea product distribution and retail business. The company offers trendy tea drinks, light meals, and pastries through its stores. Through its Blockchain technology and digital asset mining business, the company is engaged in research and development of a digital currency wallet, the integrated operation and management of supercomputer servers, and financial services, targeting both individual and institutional users. The majority of the revenue for the company is generated from its Tea shop chains.