CleanSpark Inc (CLSK)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 705,430 | 102,172 | 50,776 | 57,726 | 8,252 |
| Total current liabilities | US$ in thousands | 187,887 | 74,055 | 34,041 | 10,063 | 5,383 |
| Current ratio | 3.75 | 1.38 | 1.49 | 5.74 | 1.53 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $705,430K ÷ $187,887K
= 3.75
The current ratio of CleanSpark Inc has experienced notable fluctuations over the specified periods. As of September 30, 2020, the company's current ratio was 1.53, indicating a modestly comfortable position in covering its short-term liabilities with its short-term assets. This ratio increased significantly by September 30, 2021, reaching 5.74, suggesting a substantial improvement in liquidity and a strong ability to meet short-term obligations during that period.
However, the ratio declined sharply to 1.49 by September 30, 2022, reflecting a reduction in liquidity, though it remained above the generally accepted threshold of 1.0, indicating the company still maintained sufficient short-term assets relative to liabilities. In the subsequent year, the current ratio further decreased to 1.38 as of September 30, 2023, indicating a slight deterioration in liquidity position but still remaining within a range that suggests manageable short-term financial health.
By September 30, 2024, the current ratio rebounded to 3.75, representing a significant increase and indicating that the company's liquidity position improved markedly compared to previous years. This elevated ratio could be derived from increased short-term assets or a reduction in current liabilities, suggesting a strengthening of CleanSpark Inc’s ability to cover its short-term financial obligations. Overall, the trend shows periods of both improvement and decline, with a notable recovery in the most recent year, pointing to potential enhancements in liquidity management or balance sheet structure.
Peer comparison
Sep 30, 2024