BIT Mining (BIT Mining) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is BIT Mining Debt-to-Equity?

BIT Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.68 Mil. BIT Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.54 Mil. BIT Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $25.13 Mil. BIT Mining's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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 Mining's Debt-to-Equity or its related term are showing as below:

BTCM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.17
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of BIT Mining was 0.17. The lowest was 0.02. And the median was 0.08.

BTCM's Debt-to-Equity is ranked better than
54.22% of 2215 companies
in the Software industry
Industry Median: 0.21 vs BTCM: 0.17

BIT Mining Debt-to-Equity Historical Data

The historical data trend for BIT Mining'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.

* Premium members only.

BIT Mining Debt-to-Equity Chart

BIT Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.02

0.04

0.08

0.17

BIT Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.08	0.07	0.09	0.17

Competitive Comparison of BIT Mining's Debt-to-Equity

For the Information Technology Services subindustry, BIT Mining'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 Mining's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, BIT Mining's Debt-to-Equity distribution charts can be found below:

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

BIT Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BIT Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1.681	+	2.538)	/	25.132
	=	0.17

BIT Mining's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(1.681	+	2.538)	/	25.132
	=	0.17

BIT Mining (NYSE:BTCM) 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 Mining Debt-to-Equity Related Terms

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BIT Mining (BIT Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BIT Mining Ltd (NYSE:BTCM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

50C0:Germany

Address

428 South Seiberling Street, Akron, OH, USA, 44306

Website

https://www.btcm.group

BIT Mining Ltd is a cryptocurrency mining company, with a long-term strategy to encompass the whole cryptocurrency value chain. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The company has significant and growing deployed Bitcoin mining machine capacity, owns three hydroelectric cryptocurrency mines with combined power capacity of 435MW and the entire mining pool business operated under BTC.com, including the domain name and wallet. It has also entered into a definitive agreement to acquire a 7 nanometer cryptocurrency mining machine manufacturer "Bee Computing", completing its vertical integration, making self-sufficient while also strengthening competitive position.