Gryphon Digital Mining (Gryphon Digital Mining) Equity-to-Asset : -6.64 (As of Dec. 2023)

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What is Gryphon Digital Mining Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Gryphon Digital Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-9.01 Mil. Gryphon Digital Mining's Total Assets for the quarter that ended in Dec. 2023 was $1.36 Mil. Therefore, Gryphon Digital Mining's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -6.64.

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

GRYP' s Equity-to-Asset Range Over the Past 10 Years
Min: -6.64 Med: -0.25 Max: 0.49
Current: -6.64

During the past 3 years, the highest Equity to Asset Ratio of Gryphon Digital Mining was 0.49. The lowest was -6.64. And the median was -0.25.

GRYP's Equity-to-Asset is ranked worse than
98.64% of 806 companies
in the Capital Markets industry
Industry Median: 0.5 vs GRYP: -6.64

Gryphon Digital Mining Equity-to-Asset Historical Data

The historical data trend for Gryphon Digital Mining's Equity-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.

* Premium members only.

Gryphon Digital Mining Equity-to-Asset Chart

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.49

-0.25

-6.64

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
Equity-to-Asset	0.49	-0.25	-6.64

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

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

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

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

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

Gryphon Digital Mining Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-9.011	/	1.358
	=	-6.64

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

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-9.011	/	1.358
	=	-6.64

Gryphon Digital Mining (NAS:GRYP) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Gryphon Digital Mining Equity-to-Asset 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 » Equity-to-Asset

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

By PRNewswire • 02-13-2024