Cryptocurrency Q&A
What is Coinbase long-term debt?
What is Coinbase long-term debt?
Lorenzo
Thu Nov 28 2024
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5 answers
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Coinbase's long-term debt relates to the financial obligations of the company that extend beyond one year. Specifically, Coinbase has announced plans to raise $1 billion through the issuance of convertible notes to institutional buyers, which represent a form of long-term debt. These notes are senior unsecured obligations and are convertible into cash, shares of Coinbase Class A common stock, or a combination of these. The proceeds from this issuance are intended to be used for repaying, redeeming, or repurchasing other outstanding convertible notes and for general corporate purposes.
5 answers
ChristopherWilson
Sat Nov 30 2024
Long-term debt to capital is a financial metric used to evaluate a company's leverage.
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Tommaso
Sat Nov 30 2024
It is calculated by dividing a company's long-term debt by its total capital.
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Martino
Fri Nov 29 2024
This ratio indicates the proportion of a company's capital that is financed through long-term debt.
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Maria
Fri Nov 29 2024
For Coinbase Global, the long-term debt to capital ratio for the quarter ending June 30, 2024 was 0.31.
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KimchiChic
Fri Nov 29 2024
BTCC is a leading cryptocurrency exchange that offers a range of services.
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