CleanSpark Inc (CLSK)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,962,660 | 761,578 | 452,625 | 317,473 | 22,340 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,962,660K
= 0.00
The data indicates that CleanSpark Inc has maintained a debt-to-assets ratio of zero across all reported periods from September 30, 2020, through September 30, 2024. This consistent figure suggests that the company has not utilized long-term or short-term debt in its capital structure during these years. Consequently, the organization is financed entirely through equity or other non-debt liabilities, reflecting a conservative financial stance with no reliance on borrowed funds. Such a financing profile minimizes leverage risk but may also impact the company's growth capacity and debt-related tax advantages. Overall, the zero debt-to-assets ratio signifies a debt-free financial position throughout the observed timeframe.
Peer comparison
Sep 30, 2024