RIOT (Riot Platforms) Cash-to-Debt : 17.55 (As of Sep. 2024)

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What is Riot Platforms Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Riot Platforms's cash to debt ratio for the quarter that ended in Sep. 2024 was 17.55.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Riot Platforms could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Riot Platforms's Cash-to-Debt or its related term are showing as below:

RIOT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 20.46 Max: No Debt
Current: 17.55

During the past 13 years, Riot Platforms's highest Cash to Debt Ratio was No Debt. The lowest was 0.20. And the median was 20.46.

RIOT's Cash-to-Debt is ranked better than
69.01% of 784 companies
in the Capital Markets industry
Industry Median: 2.385 vs RIOT: 17.55

Riot Platforms Cash-to-Debt Historical Data

The historical data trend for Riot Platforms's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Riot Platforms Cash-to-Debt Chart

Riot Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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30.65

No Debt

35.25

15.27

42.56

Riot Platforms Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															20.18	42.56	29.12	27.78	17.55

Competitive Comparison of Riot Platforms's Cash-to-Debt

For the Capital Markets subindustry, Riot Platforms's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Riot Platforms's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Riot Platforms's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Riot Platforms's Cash-to-Debt falls into.

Riot Platforms Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Riot Platforms's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	908.347	/	(2.421	+	18.924)
	=	42.56

Riot Platforms's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	545.843	/	(4.948	+	26.15)
	=	17.55

Riot Platforms (NAS:RIOT) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Riot Platforms Cash-to-Debt Related Terms

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

Riot Platforms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Riot Platforms Inc (NAS:RIOT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RIOT:Mexico AP4N:Germany AP4N:Germany

Address

3855 Ambrosia Street, Suite 301, Castle Rock, CO, USA, 80109

Website

https://www.riotplatforms.com

Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment which generates revenue from the Bitcoin the company earns through its mining activities.

Executives

Hannah Cho	director	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Lance Varro D'ambrosio	director	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Hubert Marleau	director	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Ryan D. Werner	officer: SVP & CAO (See Remarks)	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
William Richard Jackman	officer: General Counsel	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Jason Chung	officer: EVP, CORP DEV (SEE REMARKS)	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Yi Soo Il Benjamin	director	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Jason Les	director	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Yee Colin M.	officer: CFO	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Chad Everett Harris	officer: Subsidiary Officer See Remarks	C/O RIOT PLATFORMS, INC., 3855 AMBROSIA STREET, SUITE 301, CASTLE ROCK CO 80109
Megan M. Brooks	officer: Chief Operating Officer	C/O RIOT BLOCKCHAIN, INC., 3855 AMBROSIA STREET, STE 301, CASTLE ROCK CO 80109
Jefferey Mcgonegal	officer: Chief Financial Officer	3855 AMBROSIA STREET, STE.301, CASTLE ROCK CO 80109
Data Ag Northern	10 percent owner	AN DER WELLE 3, FRANKFURT AM MAIN 2M 60322
Lyle Joseph Theriot	officer: Subsidiary Officer See Remarks	C/O RIOT BLOCKCHAIN, INC., 3855 AMBROSIA STREET, STE. 301, CASTLE ROCK CO 80109
Remo Mancini	director	6 LAIRD AVENUE SOUTH, AMHERSTBURG A6 N9V 1X5