Hut Current Ratio from 2010 to 2024

HUT Stock  USD 25.24  0.68  2.62%   
Hut 8 Current Ratio yearly trend continues to be comparatively stable with very little volatility. Current Ratio will likely drop to 0.52 in 2024. Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. View All Fundamentals
 
Current Ratio  
First Reported
2010-12-31
Previous Quarter
0.54745109
Current Value
0.52
Quarterly Volatility
11.07622614
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Hut 8 financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hut 8's main balance sheet or income statement drivers, such as Depreciation And Amortization of 24.2 M, Interest Expense of 31.1 M or Selling General Administrative of 97.8 M, as well as many indicators such as Price To Sales Ratio of 8.3, Dividend Yield of 0.0 or PTB Ratio of 1.06. Hut financial statements analysis is a perfect complement when working with Hut 8 Valuation or Volatility modules.
  
Check out the analysis of Hut 8 Correlation against competitors.

Latest Hut 8's Current Ratio Growth Pattern

Below is the plot of the Current Ratio of Hut 8 Corp over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. Hut 8's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hut 8's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 9.57 X10 Years Trend
Slightly volatile
   Current Ratio   
       Timeline  

Hut Current Ratio Regression Statistics

Arithmetic Mean8.63
Geometric Mean3.30
Coefficient Of Variation128.40
Mean Deviation9.10
Median2.94
Standard Deviation11.08
Sample Variance122.68
Range28.1059
R-Value(0.58)
Mean Square Error87.78
R-Squared0.34
Significance0.02
Slope(1.43)
Total Sum of Squares1,718

Hut Current Ratio History

2024 0.52
2023 0.55
2022 8.15
2021 17.96
2020 3.55
2019 1.68
2018 0.17

About Hut 8 Financial Statements

Hut 8 shareholders use historical fundamental indicators, such as Current Ratio, to determine how well the company is positioned to perform in the future. Although Hut 8 investors may analyze each financial statement separately, they are all interrelated. The changes in Hut 8's assets and liabilities, for example, are also reflected in the revenues and expenses on on Hut 8's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Ratio 0.55  0.52 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Hut Stock Analysis

When running Hut 8's price analysis, check to measure Hut 8's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hut 8 is operating at the current time. Most of Hut 8's value examination focuses on studying past and present price action to predict the probability of Hut 8's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hut 8's price. Additionally, you may evaluate how the addition of Hut 8 to your portfolios can decrease your overall portfolio volatility.