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GRIID Infrastructure (NEOE:GRDI) Debt-to-Asset : 1.92 (As of Mar. 2024)


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What is GRIID Infrastructure Debt-to-Asset?

GRIID Infrastructure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$5.05 Mil. GRIID Infrastructure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$104.67 Mil. GRIID Infrastructure's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$57.13 Mil. GRIID Infrastructure's debt to asset for the quarter that ended in Mar. 2024 was 1.92.

GRIID Infrastructure Debt-to-Asset Historical Data

The historical data trend for GRIID Infrastructure's Debt-to-Asset 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 Debt-to-Asset Chart

GRIID Infrastructure Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Asset
0.64 1.07 1.76

GRIID Infrastructure Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Asset Get a 7-Day Free Trial - 1.30 1.47 1.76 1.92

Competitive Comparison of GRIID Infrastructure's Debt-to-Asset

For the Capital Markets subindustry, GRIID Infrastructure's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Debt-to-Asset Distribution in the Capital Markets Industry

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

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


GRIID Infrastructure Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(3.978 + 95.543) / 56.625
=1.76

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

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(5.052 + 104.674) / 57.134
=1.92

* 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) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

GRIID Infrastructure Debt-to-Asset Related Terms

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GRIID Infrastructure (NEOE:GRDI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NEOE:GRDI) » Definitions » Debt-to-Asset
Comparable Companies
Traded in Other Exchanges
GRIF:USA
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

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024