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
Recent updates
Hut 8: A Third Quarter Earnings Review
Nov 13Hut 8: Massively Undervalued AI Play
Sep 04Hut 8's (NASDAQ:HUT) Earnings Are Weaker Than They Seem
Aug 21
Q2 Earnings: Hut 8 Needs AI To Work
Aug 13HUT 8: A Cryptocurrency Stock With High Growth Potential
May 02From Bull To Bear: Recent Events Drove Me To Exit My Position In HUT 8
Mar 19We Think Hut 8 (NASDAQ:HUT) Has A Fair Chunk Of Debt
Mar 03Hut 8 Post-Merger Comprehensive Thesis: JCapital Research Might Be Right
Jan 29Hut 8 Mining: Diversified Business Appeal
Jan 13Financial Position Analysis
Short Term Liabilities: HUT's short term assets ($110.3M) do not cover its short term liabilities ($110.5M).
Long Term Liabilities: HUT's short term assets ($110.3M) do not cover its long term liabilities ($276.2M).
Debt to Equity History and Analysis
Debt Level: HUT's net debt to equity ratio (31.6%) 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 well covered by EBIT (8.2x coverage).