GRIID Infrastructure (GRIID Infrastructure) Debt-to-Equity : -0.52 (As of Sep. 2023)

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What is GRIID Infrastructure Debt-to-Equity?

GRIID Infrastructure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $8.62 Mil. GRIID Infrastructure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $54.38 Mil. GRIID Infrastructure's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-122.15 Mil. GRIID Infrastructure's debt to equity for the quarter that ended in Sep. 2023 was -0.52.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for GRIID Infrastructure's Debt-to-Equity or its related term are showing as below:

GRDI' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.29 Med: -1.24 Max: -0.56
Current: -1.24

During the past 3 years, the highest Debt-to-Equity Ratio of GRIID Infrastructure was -0.56. The lowest was -1.29. And the median was -1.24.

GRDI's Debt-to-Equity is not ranked
in the Capital Markets industry.
Industry Median: 0.37 vs GRDI: -1.24

GRIID Infrastructure Debt-to-Equity Historical Data

The historical data trend for GRIID Infrastructure's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GRIID Infrastructure Debt-to-Equity Chart

GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-1.29

-0.56

-1.24

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	-0.56	-0.52	-0.52	-1.24

Competitive Comparison of GRIID Infrastructure's Debt-to-Equity

For the Capital Markets subindustry, GRIID Infrastructure's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GRIID Infrastructure's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GRIID Infrastructure's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where GRIID Infrastructure's Debt-to-Equity falls into.

GRIID Infrastructure Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GRIID Infrastructure's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.965	+	71.216)	/	-59.637
	=	-1.24

GRIID Infrastructure's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8.619	+	54.376)	/	-122.146
	=	-0.52

GRIID Infrastructure (NAS:GRDI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

GRIID Infrastructure Debt-to-Equity Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NAS:GRDI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GRDI:Canada

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024