CleanSpark Inc (CLSK)
Current ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 947,493 | 1,225,260 | 705,430 | 598,835 | 687,771 | 181,705 | 102,172 | 52,699 | 32,906 | 21,186 | 50,776 | 29,449 | 41,956 | 58,683 | 57,726 | 51,850 | 178,459 | 33,306 | 8,252 | 7,220 |
| Total current liabilities | US$ in thousands | 109,312 | 96,677 | 187,887 | 66,985 | 55,026 | 42,393 | 74,055 | 37,420 | 41,282 | 41,600 | 34,041 | 19,986 | 22,578 | 22,482 | 10,063 | 11,910 | 7,340 | 4,595 | 5,383 | 1,589 |
| Current ratio | 8.67 | 12.67 | 3.75 | 8.94 | 12.50 | 4.29 | 1.38 | 1.41 | 0.80 | 0.51 | 1.49 | 1.47 | 1.86 | 2.61 | 5.74 | 4.35 | 24.31 | 7.25 | 1.53 | 4.54 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $947,493K ÷ $109,312K
= 8.67
The analysis of CleanSpark Inc.'s current ratio over the specified period reveals notable fluctuations indicative of the company's evolving liquidity position. The current ratio, which measures the company's ability to meet short-term obligations with its short-term assets, experienced significant variability from June 2020 through March 2025.
In the early part of the period, the current ratio was relatively high, with a value of 4.54 as of June 30, 2020, suggesting a comfortable liquidity cushion. This high ratio declined markedly by September 30, 2020, to 1.53, indicating a reduction in short-term asset coverage but still maintaining a position above the generally considered acceptable threshold of 1.0.
Subsequently, the ratio demonstrated considerable volatility, reaching a peak of 24.31 on March 31, 2021, which signifies an extremely strong liquidity position at that time, potentially owing to substantial short-term assets or a temporary reduction in short-term liabilities. However, this peak was followed by a decrease over the next quarters, dropping to 2.61 by December 31, 2021, and further declining to 0.51 as of December 31, 2022, which indicates a precarious short-term liquidity position, as current liabilities likely exceeded current assets at that point.
Throughout 2023, the ratio showed signs of recovery, rising from 0.80 in March 2023 to 1.41 in June and 1.38 in September, reflecting an improvement in liquidity but still below historically high levels. Notably, a substantial increase occurred by December 31, 2023, reaching 4.29, continuing to strengthen further, with the ratio surging to 12.50 in March 2024, then slightly declining to 8.94 in June, and settling at 3.75 by September 2024. The aggressive recovery suggests a significant accumulation of short-term assets or reduction in short-term liabilities during this period.
Most recently, the ratio as of December 31, 2024, stood at 12.67, indicating an exceptionally strong liquidity position, before decreasing again to 8.67 in March 2025. These elevated ratios in the most recent periods reflect a markedly improved short-term liquidity stance.
Overall, the current ratio data illustrates a trajectory characterized by initial moderation, a period of distress around late 2022, and subsequent robust recovery. The substantial fluctuations, especially the high peaks and lows, suggest periods of significant asset acquisition or liability management, with periods of liquidity surplus interchanging with periods of relative liquidity constraints. This dynamic pattern warrants ongoing monitoring to assess the sustainability of liquidity levels and the company's ability to manage its short-term obligations effectively.
Peer comparison
Mar 31, 2025