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Cleanspark (Cleanspark) Debt-to-Equity : 0.02 (As of Dec. 2023)


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What is Cleanspark Debt-to-Equity?

Cleanspark's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.7 Mil. Cleanspark's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7.5 Mil. Cleanspark's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $810.6 Mil. Cleanspark's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

CLSK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.04   Max: 2.72
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Cleanspark was 2.72. The lowest was 0.00. And the median was 0.04.

CLSK's Debt-to-Equity is ranked better than
92.45% of 609 companies
in the Capital Markets industry
Industry Median: 0.37 vs CLSK: 0.02

Cleanspark Debt-to-Equity Historical Data

The historical data trend for Cleanspark'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.

Cleanspark Debt-to-Equity Chart

Cleanspark Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.04 0.01 0.06 0.03

Cleanspark Quarterly Data
Mar19 Jun19 Sep19 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 0.06 0.05 0.03 0.03 0.02

Competitive Comparison of Cleanspark's Debt-to-Equity

For the Capital Markets subindustry, Cleanspark'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.


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

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

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



Cleanspark Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cleanspark's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Cleanspark'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.


Cleanspark  (NAS:CLSK) 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.


Cleanspark Debt-to-Equity Related Terms

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


Cleanspark (Cleanspark) Business Description

Traded in Other Exchanges
Address
2370 Corporate Circle, Suite 160, Henderson, NV, USA, 89074
Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.
Executives
Larry Mcneill director 1185 SOUTH 1800 WEST, SUITE 3, WOODS CROSS UT 84087
Gary Anthony Vecchiarelli officer: Chief Financial Officer 6980 OBANNON DRIVE, LAS VEGAS NV 89117
Roger Paul Beynon director P.O. BOX 1268, BOUNTIFUL UT 84011
Thomas Leigh Wood director 70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Amanda Cavaleri director 2370 CORPORATE CIRCLE, SUITE 160, HENDERSON NV 89074
Zachary Bradford director, officer: CEO and President 2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
S. Matthew Schultz director, officer: Executive Chairman 2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Amer Tadayon officer: Chief Revenue Officer 1185 S. 1800 WEST, SUITE 3, WOODS CROSS UT 84087
Lori Love officer: Chief Financial Officer 70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Anthony M Vastola officer: Chief Strategy Officer 70 NORTH MAIN STREET, STE. 105, BOUNTIFUL UT 84010
Amanda Kabak officer: Chief Technology Officer 70 NORTH MAIN STREET, SUITE 105, BOUNTIFUL UT 84010
Brian Huber director, officer: Chief Operating Officer 70 NORTH MAIN STREET, STE. 105, BOUNTIFUL UT 84010
Michael Gary Barrett officer: COO 2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Bruce Lybbert director, 10 percent owner, officer: Officer 2391 SOUTH 1560 WEST, WOODS CROSS UT 84087
Burkeley J Priest director, officer: Pres, Sec, Treas & Director PO BOX 573633, MURRAY UT 84157