CleanSpark Inc (CLSK)
Debt-to-capital ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,760,840 | 677,227 | 404,012 | 305,716 | 16,426 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,760,840K)
= 0.00
The debt-to-capital ratio of CleanSpark Inc has consistently reported a value of 0.00 across all examined periods from September 30, 2020, through September 30, 2024. This indicates that the company has maintained a fully equity-financed capital structure throughout this timeframe, with no significant or detectable utilization of debt financing. The persistent absence of debt suggests a conservative approach to leveraging, potentially minimizing financial risk associated with interest obligations and debt repayment commitments. From a financial stability perspective, this pattern reflects a notably cautious capital management strategy, which may influence the company's flexibility and growth prospects differently compared to more leveraged industry peers.
Peer comparison
Sep 30, 2024