Hut 8 Balance Sheet Health
Financial Health criteria checks 1/6
Hut 8 has a total shareholder equity of $487.6M and total debt of $187.4M, which brings its debt-to-equity ratio to 38.4%. Its total assets and total liabilities are $740.8M and $253.2M respectively. Hut 8's EBIT is $26.3M making its interest coverage ratio 1.1. It has cash and short-term investments of $30.5M.
Key information
38.4%
Debt to equity ratio
US$187.45m
Debt
Interest coverage ratio | 1.1x |
Cash | US$30.50m |
Equity | US$487.64m |
Total liabilities | US$253.20m |
Total assets | US$740.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HUT's short term assets ($61.6M) do not cover its short term liabilities ($112.6M).
Long Term Liabilities: HUT's short term assets ($61.6M) do not cover its long term liabilities ($140.6M).
Debt to Equity History and Analysis
Debt Level: HUT's net debt to equity ratio (32.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HUT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HUT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HUT's interest payments on its debt are not well covered by EBIT (1.1x coverage).