Hut 8 Mining Balance Sheet Health
Financial Health criteria checks 6/6
Hut 8 Mining has a total shareholder equity of CA$397.4M and total debt of CA$64.4M, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are CA$496.6M and CA$99.3M respectively.
Key information
16.2%
Debt to equity ratio
CA$64.44m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$21.14m |
| Equity | CA$397.38m |
| Total liabilities | CA$99.25m |
| Total assets | CA$496.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HUT N's short term assets (CA$379.6M) exceed its short term liabilities (CA$82.3M).
Long Term Liabilities: HUT N's short term assets (CA$379.6M) exceed its long term liabilities (CA$17.0M).
Debt to Equity History and Analysis
Debt Level: HUT N's net debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: HUT N's debt to equity ratio has reduced from 72% to 16.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable HUT N has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HUT N is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 35.3% per year.