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Cipher Mining (Cipher Mining) Debt-to-Equity : 0.04 (As of Mar. 2024)


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What is Cipher Mining Debt-to-Equity?

Cipher Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.8 Mil. Cipher Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $16.1 Mil. Cipher Mining's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $600.9 Mil. Cipher Mining's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cipher Mining's Debt-to-Equity or its related term are showing as below:

CIFR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.05   Max: 0.09
Current: 0.04

During the past 3 years, the highest Debt-to-Equity Ratio of Cipher Mining was 0.09. The lowest was 0.02. And the median was 0.05.

CIFR's Debt-to-Equity is ranked better than
81.94% of 609 companies
in the Capital Markets industry
Industry Median: 0.38 vs CIFR: 0.04

Cipher Mining Debt-to-Equity Historical Data

The historical data trend for Cipher Mining's Debt-to-Equity 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.

* Premium members only.

Cipher Mining Debt-to-Equity Chart

Cipher Mining Annual Data
Trend Jan21 Dec22 Dec23
Debt-to-Equity
- 0.06 0.05

Cipher Mining Quarterly Data
Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.06 0.09 0.07 0.05 0.04

Competitive Comparison of Cipher Mining's Debt-to-Equity

For the Capital Markets subindustry, Cipher Mining's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.


Cipher Mining's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cipher Mining's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cipher Mining's Debt-to-Equity falls into.



Cipher Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cipher Mining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Cipher Mining's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Cipher Mining  (NAS:CIFR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Cipher Mining Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cipher Mining's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Cipher Mining (Cipher Mining) Business Description

Traded in Other Exchanges
Address
1 Vanderbilt Avenue, Floor 54, Suite C, New York, NY, USA, 10017
Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin.
Executives
Bitfury Top Holdco B.v. 10 percent owner STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
Patrick Arthur Kelly officer: Chief Operating Officer C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
William Iwaschuk officer: Chief Legal Officer C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Cary M Grossman director
Robert Flatley director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Tyler Page director, officer: Chief Executive Officer C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, RYE NY 10017
Dykes Robert R B director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
James E Newsome director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Bitfury Group Ltd 10 percent owner STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
Bitfury Holding B.v. 10 percent owner STRAWINSKYLAAN 3051, AMSTERDAM, NOORD-HOLLAND P7 1077 ZX
V3 Holding Ltd 10 percent owner C/O CIPHER MINING INC., 222 PURCHASE STREET, SUITE #290, RYE NY 10580
Valerijis Vavilovs 10 percent owner C/O CIPHER MINING INC., 222 PURCHASE STREET, SUITE #290, RYE NY 10580
Holly Morrow Evans director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Caitlin Long director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017
Wesley Hastie Williams director C/O CIPHER MINING INC., 1 VANDERBILT AVENUE, FLOOR 54, SUITE C, NEW YORK NY 10017