Bitdeer Technologies Group (Bitdeer Technologies Group) Debt-to-Equity : 0.28 (As of Dec. 2023)

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What is Bitdeer Technologies Group Debt-to-Equity?

Bitdeer Technologies Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Bitdeer Technologies Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $92.8 Mil. Bitdeer Technologies Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $332.6 Mil. Bitdeer Technologies Group's debt to equity for the quarter that ended in Dec. 2023 was 0.28.

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 Bitdeer Technologies Group's Debt-to-Equity or its related term are showing as below:

BTDR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.3 Max: 0.32
Current: 0.28

During the past 5 years, the highest Debt-to-Equity Ratio of Bitdeer Technologies Group was 0.32. The lowest was 0.16. And the median was 0.30.

BTDR's Debt-to-Equity is ranked worse than
56.7% of 2224 companies
in the Software industry
Industry Median: 0.21 vs BTDR: 0.28

Bitdeer Technologies Group Debt-to-Equity Historical Data

The historical data trend for Bitdeer Technologies Group'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.

Bitdeer Technologies Group Debt-to-Equity Chart

Bitdeer Technologies Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.16

0.32

0.28

Bitdeer Technologies Group Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.32	0.31	0.33	0.29	0.28

Competitive Comparison of Bitdeer Technologies Group's Debt-to-Equity

For the Software - Application subindustry, Bitdeer Technologies Group'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.

Bitdeer Technologies Group's Debt-to-Equity Distribution in the Software Industry

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

* The bar in red indicates where Bitdeer Technologies Group's Debt-to-Equity falls into.

Bitdeer Technologies Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bitdeer Technologies Group'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
	=	(0	+	92.829)	/	332.566
	=	0.28

Bitdeer Technologies Group'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
	=	(0	+	92.829)	/	332.566
	=	0.28

Bitdeer Technologies Group (NAS:BTDR) 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.

Bitdeer Technologies Group Debt-to-Equity Related Terms

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Bitdeer Technologies Group (Bitdeer Technologies Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitdeer Technologies Group (NAS:BTDR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

08 Kallang Avenue, Aperia tower 1, No. 09-03/04, Singapore, SGP, 339509

Website

https://www.bitdeer.com

Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its major business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.