Hut 8 Balance Sheet Health
Financial Health criteria checks 2/6
Hut 8 has a total shareholder equity of $712.5M and total debt of $297.3M, which brings its debt-to-equity ratio to 41.7%. Its total assets and total liabilities are $1.1B and $386.7M respectively. Hut 8's EBIT is $201.3M making its interest coverage ratio 8.2. It has cash and short-term investments of $72.3M.
Key information
41.7%
Debt to equity ratio
US$297.30m
Debt
| Interest coverage ratio | 8.2x |
| Cash | US$72.28m |
| Equity | US$712.50m |
| Total liabilities | US$386.73m |
| Total assets | US$1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: V71's short term assets ($110.3M) do not cover its short term liabilities ($110.5M).
Long Term Liabilities: V71's short term assets ($110.3M) do not cover its long term liabilities ($276.2M).
Debt to Equity History and Analysis
Debt Level: V71's net debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if V71's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: V71's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: V71's interest payments on its debt are well covered by EBIT (8.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 18:18 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hut 8 Corp. is covered by 9 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Palmer | Benchmark Company |
| Joseph Vafi | Canaccord Genuity |
| Brett Knoblauch | Cantor Fitzgerald & Co. |