CleanSpark Inc (CLSK)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,760,840K
= 0.00
The analyzed data indicates that CleanSpark Inc. maintains a debt-to-equity ratio of zero across the specified periods, namely September 30, 2020, September 30, 2021, September 30, 2022, September 30, 2023, and September 30, 2024. This consistent ratio suggests that the company has not undertaken any long-term or short-term debt during these years, relying entirely on equity financing for its operations and growth initiatives. The absence of debt implies a conservative capital structure with potentially lower financial risk, as the company does not have obligations related to interest payments or principal repayment. However, it also indicates that the company may not be leveraging debt to accelerate growth or optimize its capital structure, which could influence its financial strategy and capacity for expansion.
Peer comparison
Sep 30, 2024