Cipher Mining (MEX:CIFR) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Cipher Mining 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. Cipher Mining's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Cipher Mining's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.02). It may suggest that Cipher Mining is progressively becoming less dependent on debt to grow their business.

Cipher Mining LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cipher Mining'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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Cipher Mining LT-Debt-to-Total-Asset Chart

Cipher Mining Annual Data

Trend

Jan21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.04

0.03

0.02

Cipher Mining Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.03	0.02	0.02	0.02	0.02

Cipher Mining LT-Debt-to-Total-Asset Calculation

Cipher Mining's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	357.967	/	17840.925
	=	0.02

Cipher Mining's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	357.967	/	17840.925
	=	0.02

Cipher Mining (MEX:CIFR) 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.

Cipher Mining LT-Debt-to-Total-Asset Related Terms

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Cipher Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cipher Mining Inc (MEX:CIFR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CIFR:USA 3A9:Germany

Address

1 Vanderbilt Avenue, Floor 54, Suite C, New York, NY, USA, 10017

Website

https://www.ciphermining.com

Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.