Digihost Technology (TSXV:DGHI) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Digihost Technology Debt-to-Equity?

Digihost Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.89 Mil. Digihost Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.41 Mil. Digihost Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$44.72 Mil. Digihost Technology'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 Digihost Technology's Debt-to-Equity or its related term are showing as below:

TSXV:DGHI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.06 Max: 0.49
Current: 0.03

During the past 5 years, the highest Debt-to-Equity Ratio of Digihost Technology was 0.49. The lowest was 0.03. And the median was 0.06.

TSXV:DGHI's Debt-to-Equity is ranked better than
86.53% of 2213 companies
in the Software industry
Industry Median: 0.21 vs TSXV:DGHI: 0.03

Digihost Technology Debt-to-Equity Historical Data

The historical data trend for Digihost Technology'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.

Digihost Technology Debt-to-Equity Chart

Digihost Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.49

0.03

0.05

Digihost Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.07	0.06	0.05	0.05	0.03

Competitive Comparison of Digihost Technology's Debt-to-Equity

For the Software - Application subindustry, Digihost Technology'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.

Digihost Technology's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Digihost Technology's Debt-to-Equity distribution charts can be found below:

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

Digihost Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Digihost Technology'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
	=	(1.01	+	0.931)	/	39.238
	=	0.05

Digihost Technology's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.891	+	0.409)	/	44.718
	=	0.03

Digihost Technology (TSXV:DGHI) 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.

Digihost Technology Debt-to-Equity Related Terms

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Digihost Technology (TSXV:DGHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digihost Technology Inc (TSXV:DGHI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DGHI:USA 1NQ:Germany

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.digihost.ca

Digihost Technology Inc is a blockchain company focused on Bitcoin mining. The company's mining facility is located in Buffalo, New York, and is equipped with an 18.7 MVA 115,000-kilovolt ampere outdoor substation with an option to increase the power output to 42MVA.