Core Scientific (Core Scientific) Debt-to-Equity : -1.45 (As of Dec. 2023)

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What is Core Scientific Debt-to-Equity?

Core Scientific's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $144.2 Mil. Core Scientific's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $721.3 Mil. Core Scientific's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-596.9 Mil. Core Scientific's debt to equity for the quarter that ended in Dec. 2023 was -1.45.

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 Core Scientific's Debt-to-Equity or its related term are showing as below:

CORZ' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.45 Med: 0.07 Max: 0.61
Current: -1.45

During the past 5 years, the highest Debt-to-Equity Ratio of Core Scientific was 0.61. The lowest was -1.45. And the median was 0.07.

CORZ's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs CORZ: -1.45

Core Scientific Debt-to-Equity Historical Data

The historical data trend for Core Scientific'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.

Core Scientific Debt-to-Equity Chart

Core Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.07

0.45

0.61

-0.09

-1.45

Core Scientific Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										-0.09	-0.09	-0.07	-2.07	-1.45

Competitive Comparison of Core Scientific's Debt-to-Equity

For the Software - Infrastructure subindustry, Core Scientific'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.

Core Scientific's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Core Scientific's Debt-to-Equity distribution charts can be found below:

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

Core Scientific Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Core Scientific'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
	=	(144.206	+	721.339)	/	-596.941
	=	-1.45

Core Scientific's Debt to Equity Ratio for the quarter 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
	=	(144.206	+	721.339)	/	-596.941
	=	-1.45

Core Scientific (NAS:CORZ) 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.

Core Scientific Debt-to-Equity Related Terms

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Core Scientific (Core Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Core Scientific Inc (NAS:CORZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CORZQ:USA

Address

210 Barton Springs Road, Austin, TX, USA, 78704

Website

https://www.corescientific.com

Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm's owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets.