Gryphon Digital Mining (Gryphon Digital Mining) Debt-to-Equity : -0.57 (As of Dec. 2023)

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What is Gryphon Digital Mining Debt-to-Equity?

Gryphon Digital Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.15 Mil. Gryphon Digital Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Gryphon Digital Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-9.01 Mil. Gryphon Digital Mining's debt to equity for the quarter that ended in Dec. 2023 was -0.57.

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 Gryphon Digital Mining's Debt-to-Equity or its related term are showing as below:

GRYP' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.03 Med: -0.57 Max: 0.83
Current: -0.57

During the past 3 years, the highest Debt-to-Equity Ratio of Gryphon Digital Mining was 0.83. The lowest was -3.03. And the median was -0.57.

GRYP's Debt-to-Equity is not ranked
in the Capital Markets industry.
Industry Median: 0.38 vs GRYP: -0.57

Gryphon Digital Mining Debt-to-Equity Historical Data

The historical data trend for Gryphon Digital 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.

Gryphon Digital Mining Debt-to-Equity Chart

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.83

-3.03

-0.57

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-Equity	0.83	-3.03	-0.57

Competitive Comparison of Gryphon Digital Mining's Debt-to-Equity

For the Capital Markets subindustry, Gryphon Digital 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.

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

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

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

Gryphon Digital Mining Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.149	+	0)	/	-9.011
	=	-0.57

Gryphon Digital Mining's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.149	+	0)	/	-9.011
	=	-0.57

Gryphon Digital Mining (NAS:GRYP) 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.

Gryphon Digital Mining Debt-to-Equity Related Terms

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Gryphon Digital Mining (Gryphon Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gryphon Digital Mining Inc (NAS:GRYP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110

Website

https://gryphondigitalmining.com

Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).

Gryphon Digital Mining (Gryphon Digital Mining) Headlines

From GuruFocus

Gryphon Digital Mining Announces January Operational Update

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