Galaxy Digital Holdings (TSX:GLXY) Financial Strength : 9 (As of Dec. 2024)

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What is Galaxy Digital Holdings Financial Strength?

Galaxy Digital Holdings has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Galaxy Digital Holdings Ltd shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Galaxy Digital Holdings has no long-term debt ⁽¹⁾. As of today, Galaxy Digital Holdings's Altman Z-Score is 0.00.

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

Competitive Comparison of Galaxy Digital Holdings's Financial Strength

For the Capital Markets subindustry, Galaxy Digital Holdings's Financial Strength, along with its competitors' market caps and Financial Strength 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.

Galaxy Digital Holdings's Financial Strength Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Galaxy Digital Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where Galaxy Digital Holdings's Financial Strength falls into.

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Galaxy Digital Holdings Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Galaxy Digital Holdings's Interest Expense for the months ended in Dec. 2024 was C$0.00 Mil. Its Operating Income for the months ended in Dec. 2024 was C$-1.03 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.00 Mil.

Galaxy Digital Holdings's Interest Coverage for the quarter that ended in Dec. 2024 is

Galaxy Digital Holdings had no long-term debt ⁽¹⁾.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Galaxy Digital Holdings Ltd has no debt.

2. Debt to revenue ratio. The lower, the better.

Galaxy Digital Holdings's Debt to Revenue Ratio for the quarter that ended in Dec. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	0)	/	0
	=	N/A

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Galaxy Digital Holdings has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

* 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.

Galaxy Digital Holdings (TSX:GLXY) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Galaxy Digital Holdings has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

Galaxy Digital Holdings Financial Strength Related Terms

Thank you for viewing the detailed overview of Galaxy Digital Holdings's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.

Galaxy Digital Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Galaxy Digital Holdings Ltd (TSX:GLXY) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

BRPHF:USA GLXY:Mexico 7LX:Germany

Address

300 Vesey Street, New York, NY, USA, 10282

Website

https://www.galaxydigital.io

Galaxy Digital Holdings Ltd is a diversified financial services and investment management company dedicated to the digital assets and blockchain technology industry. The company operates through three business lines: Global Markets, Asset Management, and Digital Infrastructure Solutions. It generates revenue from the buying and selling of digital assets, net gains on digital assets, derivatives trading, and bespoke lending.

Executives

Michael Ashe	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Richard Tavoso	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Bill Koutsouras	Director
Erin Brown	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Christopher Charles Ferraro	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Damien Richard Paul Vanderwilt	Director
Stephen S. Kurz	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Andrew Neal Siegel	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Samuel Eli Englebardt	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Jason Peter Urban	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Kim Maxfield Pillemer	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Gregory Wasserman	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Peter Alan Wisniewski	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Michael Edward Novogratz	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

Galaxy Digital Holdings Headlines

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