Hut 8 (HUT) Debt Ratio (2023 - 2026)
Hut 8's Debt Ratio came in at 0.77 for Q2 2026, up 389.7% from 0.16 a year earlier and up 393.7% from the prior quarter.
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Analysis
Hut 8 (HUT) Debt Ratio (2023 - 2026) Analysis & Trends
For FY2025, Hut 8's Debt Ratio was 0.15, down 24.7% from FY2024.
- Going back by year, Debt Ratio was 0.20 in FY2024 (-21.8%) and 0.25 in FY2023.
- The Q2 2026 figure represents the highest quarterly Debt Ratio in data going back to Q4 2023.
- Year-over-year, Debt Ratio increased in two of the last seven quarters, with growth averaging 33.2%.
- Business Quant data shows HUT's Debt Ratio at 0.16 (Q1 2026), 0.15 (Q4 2025) and 0.13 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | 0.25 |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | 0.16 |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 0.16 |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | 0.48 |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | 0.30 |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 0.34 |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 0.36 |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 0.26 |
| 10 | Hut 8 | 11.04 Bn | 10.88 Bn | 48.04 Mn | 0.77 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.77 |
| Mar 31, 2026 | 0.16 |
| Dec 31, 2025 | 0.15 |
| Sep 30, 2025 | 0.13 |
| Jun 30, 2025 | 0.16 |
| Mar 31, 2025 | 0.20 |
| Dec 31, 2024 | 0.20 |
| Sep 30, 2024 | 0.27 |
| Jun 30, 2024 | 0.30 |
| Mar 31, 2024 | 0.18 |
| Dec 31, 2023 | 0.25 |
| Sep 30, 2023 | 0.79 |
| Jun 30, 2023 | 0.80 |
API Access
Hut 8 Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=HUT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "HUT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=HUT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();