GRIID Infrastructure (GRIID Infrastructure) LT-Debt-to-Total-Asset : 1.27 (As of Sep. 2023)

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What is GRIID Infrastructure LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. GRIID Infrastructure's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 1.27.

GRIID Infrastructure's long-term debt to total assets ratio increased from Dec. 2021 (0.64) to Sep. 2023 (1.27). It may suggest that GRIID Infrastructure is progressively becoming more dependent on debt to grow their business.

GRIID Infrastructure LT-Debt-to-Total-Asset Historical Data

The historical data trend for GRIID Infrastructure's LT-Debt-to-Total-Asset 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.

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GRIID Infrastructure LT-Debt-to-Total-Asset Chart

GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.64

1.04

1.69

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	1.04	1.19	1.27	1.69

GRIID Infrastructure LT-Debt-to-Total-Asset Calculation

GRIID Infrastructure's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	71.216	/	42.207
	=	1.69

GRIID Infrastructure's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	54.376	/	42.8
	=	1.27

GRIID Infrastructure (NAS:GRDI) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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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 » LT-Debt-to-Total-Asset

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