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GRIID Infrastructure (GRIID Infrastructure) Equity-to-Asset : -2.85 (As of Sep. 2023)


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What is GRIID Infrastructure Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. GRIID Infrastructure's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-122.15 Mil. GRIID Infrastructure's Total Assets for the quarter that ended in Sep. 2023 was $42.80 Mil. Therefore, GRIID Infrastructure's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -2.85.

The historical rank and industry rank for GRIID Infrastructure's Equity-to-Asset or its related term are showing as below:

GRDI' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.91   Med: -1.41   Max: -0.5
Current: -1.41

During the past 3 years, the highest Equity to Asset Ratio of GRIID Infrastructure was -0.50. The lowest was -1.91. And the median was -1.41.

GRDI's Equity-to-Asset is ranked worse than
97.27% of 806 companies
in the Capital Markets industry
Industry Median: 0.495 vs GRDI: -1.41

GRIID Infrastructure Equity-to-Asset Historical Data

The historical data trend for GRIID Infrastructure's Equity-to-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.

* Premium members only.

GRIID Infrastructure Equity-to-Asset Chart

GRIID Infrastructure Annual Data
Trend Dec21 Dec22 Dec23
Equity-to-Asset
-0.50 -1.91 -1.41

GRIID Infrastructure Quarterly Data
Dec21 Jun22 Dec22 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial - -1.91 -2.52 -2.85 -1.41

Competitive Comparison of GRIID Infrastructure's Equity-to-Asset

For the Capital Markets subindustry, GRIID Infrastructure's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


GRIID Infrastructure's Equity-to-Asset Distribution in the Capital Markets Industry

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

* The bar in red indicates where GRIID Infrastructure's Equity-to-Asset falls into.



GRIID Infrastructure Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

GRIID Infrastructure's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )=Total Stockholders Equity/Total Assets
=-59.637/42.207
=-1.41

GRIID Infrastructure's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )=Total Stockholders Equity/Total Assets
=-122.146/42.8
=-2.85

* 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.


GRIID Infrastructure  (NAS:GRDI) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


GRIID Infrastructure Equity-to-Asset Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Comparable Companies
Traded in Other Exchanges
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