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GRIID Infrastructure (NEOE:GRDI) Capex-to-Revenue : 0.06 (As of Mar. 2024)


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What is GRIID Infrastructure Capex-to-Revenue?

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.

GRIID Infrastructure's Capital Expenditure for the three months ended in Mar. 2024 was C$-0.49 Mil. Its Revenue for the three months ended in Mar. 2024 was C$7.88 Mil.

Hence, GRIID Infrastructure's Capex-to-Revenue for the three months ended in Mar. 2024 was 0.06.


GRIID Infrastructure Capex-to-Revenue Historical Data

The historical data trend for GRIID Infrastructure's Capex-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GRIID Infrastructure Capex-to-Revenue Chart

GRIID Infrastructure Annual Data
Trend Dec21 Dec22 Dec23
Capex-to-Revenue
0.80 0.96 0.01

GRIID Infrastructure Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Capex-to-Revenue Get a 7-Day Free Trial 0.01 0.01 0.01 - 0.06

Competitive Comparison of GRIID Infrastructure's Capex-to-Revenue

For the Capital Markets subindustry, GRIID Infrastructure's Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GRIID Infrastructure's Capex-to-Revenue Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GRIID Infrastructure's Capex-to-Revenue distribution charts can be found below:

* The bar in red indicates where GRIID Infrastructure's Capex-to-Revenue falls into.



GRIID Infrastructure Capex-to-Revenue Calculation

GRIID Infrastructure's Capex-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Capex-to-Revenue=- Capital Expenditure / Revenue
=- (-0.333) / 26.328
=0.01

GRIID Infrastructure's Capex-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Capex-to-Revenue=- Capital Expenditure / Revenue
=- (-0.493) / 7.879
=0.06

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


GRIID Infrastructure  (NEOE:GRDI) Capex-to-Revenue Explanation

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.


GRIID Infrastructure Capex-to-Revenue Related Terms

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GRIID Infrastructure (NEOE:GRDI) Business Description

Comparable Companies
Traded in Other Exchanges
Address
2577 Duck Creek Road, Cincinnati, OH, USA, 45212
Website
Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (NEOE:GRDI) Headlines