CleanSpark Inc (CLSK)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,890,490 | 2,021,590 | 1,760,840 | 1,402,200 | 1,462,920 | 810,561 | 677,227 | 603,648 | 473,881 | 427,035 | 404,012 | 376,867 | 400,918 | 394,075 | 305,716 | 281,796 | 283,720 | 72,035 | 16,426 | 18,358 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,890,490K
= 0.00
The analysis of CleanSpark Inc’s debt-to-equity ratio, based on the provided data, indicates a consistent value of zero across all reporting periods from June 30, 2020, through March 31, 2025. This uniformity suggests that during this timeframe, the company has not reported any short-term or long-term debt obligations relative to its equity.
A debt-to-equity ratio of zero generally reflects a financial structure entirely composed of equity, with no reliance on debt financing. This conservative capital structure reduces financial leverage and associated risks, such as interest obligations and debt covenants, which can be advantageous during economic downturns or periods of financial uncertainty.
However, it is important to note that a zero debt-to-equity ratio may also imply limited use of debt to finance growth initiatives or operational needs. While this may contribute to a strong balance sheet, it could potentially limit the company's leverage to amplify returns during periods of high profitability.
Overall, the data indicates that CleanSpark Inc has maintained a debt-free capital structure throughout the specified period, emphasizing an equity-driven approach to financing its business operations.
Peer comparison
Mar 31, 2025