Argo Blockchain (LSE:ARB) Debt-to-Equity : 395.11 (As of Dec. 2023)

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What is Argo Blockchain Debt-to-Equity?

Argo Blockchain's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £11.31 Mil. Argo Blockchain's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £38.08 Mil. Argo Blockchain's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £0.13 Mil. Argo Blockchain's debt to equity for the quarter that ended in Dec. 2023 was 395.11.

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 Argo Blockchain's Debt-to-Equity or its related term are showing as below:

LSE:ARB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.31 Max: 395.11
Current: 395.11

During the past 6 years, the highest Debt-to-Equity Ratio of Argo Blockchain was 395.11. The lowest was 0.05. And the median was 0.31.

LSE:ARB's Debt-to-Equity is ranked worse than
100% of 609 companies
in the Capital Markets industry
Industry Median: 0.38 vs LSE:ARB: 395.11

Argo Blockchain Debt-to-Equity Historical Data

The historical data trend for Argo Blockchain'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.

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Argo Blockchain Debt-to-Equity Chart

Argo Blockchain Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.31

0.27

3.09

395.11

Argo Blockchain Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												3.09	13.81	-33.45	-23.27	395.11

Competitive Comparison of Argo Blockchain's Debt-to-Equity

For the Capital Markets subindustry, Argo Blockchain'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.

Argo Blockchain's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Argo Blockchain Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Argo Blockchain'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
	=	(11.313	+	38.076)	/	0.125
	=	395.11

Argo Blockchain'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
	=	(11.313	+	38.076)	/	0.125
	=	395.11

Argo Blockchain (LSE:ARB) 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.

Argo Blockchain Debt-to-Equity Related Terms

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Argo Blockchain (LSE:ARB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Argo Blockchain PLC (LSE:ARB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ARBK:USA ARBKF:USA ARBl:UK 0XP:Germany

Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.argoblockchain.com

Argo Blockchain PLC is a global data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.