Hut 8 Balance Sheet Health
Financial Health criteria checks 3/6
Hut 8 has a total shareholder equity of $668.3M and total debt of $328.8M, which brings its debt-to-equity ratio to 49.2%. Its total assets and total liabilities are $1.1B and $418.7M respectively. Hut 8's EBIT is $217.2M making its interest coverage ratio 9.7. It has cash and short-term investments of $178.6M.
Key information
49.2%
Debt to equity ratio
US$328.82m
Debt
| Interest coverage ratio | 9.7x |
| Cash | US$178.64m |
| Equity | US$668.32m |
| Total liabilities | US$418.66m |
| Total assets | US$1.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HUTD's short term assets ($195.7M) exceed its short term liabilities ($116.8M).
Long Term Liabilities: HUTD's short term assets ($195.7M) do not cover its long term liabilities ($301.9M).
Debt to Equity History and Analysis
Debt Level: HUTD's net debt to equity ratio (22.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HUTD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HUTD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HUTD's interest payments on its debt are well covered by EBIT (9.7x coverage).