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Soluna Holdings (Soluna Holdings) Debt-to-Equity : 0.75 (As of Dec. 2023)


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What is Soluna Holdings Debt-to-Equity?

Soluna Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19.56 Mil. Soluna Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.22 Mil. Soluna Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $26.51 Mil. Soluna Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.75.

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 Soluna Holdings's Debt-to-Equity or its related term are showing as below:

SLNH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07   Med: 0.25   Max: 0.75
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Soluna Holdings was 0.75. The lowest was 0.07. And the median was 0.25.

SLNH's Debt-to-Equity is ranked worse than
66.45% of 608 companies
in the Capital Markets industry
Industry Median: 0.375 vs SLNH: 0.75

Soluna Holdings Debt-to-Equity Historical Data

The historical data trend for Soluna Holdings'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.

Soluna Holdings Debt-to-Equity Chart

Soluna Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.07 0.09 0.55 0.75

Soluna Holdings Quarterly Data
Sep17 Dec17 Mar18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.50 0.63 0.74 0.75

Competitive Comparison of Soluna Holdings's Debt-to-Equity

For the Capital Markets subindustry, Soluna Holdings'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.


Soluna Holdings's Debt-to-Equity Distribution in the Capital Markets Industry

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

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



Soluna Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Soluna Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Soluna Holdings  (NAS:SLNH) 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.


Soluna Holdings Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Soluna Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Soluna Holdings (Soluna Holdings) Business Description

Traded in Other Exchanges
N/A
Address
325 Washington Avenue Extension, Albany, NY, USA, 12205
Soluna Holdings Inc, is a U.S based company that conducts operations through its subsidiary. The group is engaged in the mining of cryptocurrency through data centers that can be powered by renewable energy sources. The data centers buy every excess megawatt to use for batch-oriented, computing-intensive processes such as cryptocurrency mining or machine learning which is a low-risk and low-friction solution to use as a smartphone.
Executives
Jessica L. Thomas officer: CFO 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
John Belizaire director, officer: CEO & Pres. of EcoChain Inc. 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Patman Philip F Jr officer: Chief Financial Officer 9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042
William Hazelip director C/O MECHANICAL TECHNOLOGY, INC., 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
John Bottomley director 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Mary Jennifer Oreilly officer: Chief People Officer 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
William P Phelan director C/O MECHANICAL TECHNOLOGY INC, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Michael Toporek director, other: See Explanation of Responses C/O MECHANICAL TECHNOLOGY, INCORPORATED, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Matthew E. Lipman director, other: See Explanation of Responses C/O MECHANICAL TECHNOLOGY, INCORPORATED, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
David C Michaels director C/O MECHANICAL TECHNOLOGY INCORPORATED, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Alykhan Madhavji director 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Moshe Binyamin officer: President-MTI Instruments, Inc 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Frederick W. Jones officer: CHIEF FINANCIAL OFFICER C/O MECHANICAL TECHNOLOGY INC, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Thomas J Marusak director C/O MECHANICAL TECHNOLOGY INC, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Edward R Hirshfield director, 10 percent owner 122 E.42ND STREET SUITE 4305, NEW YORK NY 10168