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GRIID Infrastructure (GRIID Infrastructure) Total Assets : $42.80 Mil (As of Sep. 2023)


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What is GRIID Infrastructure Total Assets?

GRIID Infrastructure's Total Assets for the quarter that ended in Sep. 2023 was $42.80 Mil.

During the past 12 months, GRIID Infrastructure's average Total Assets Growth Rate was -14.60% per year.

Total Assets is connected with ROA %. GRIID Infrastructure's annualized ROA % for the quarter that ended in Sep. 2023 was -109.64%. Total Assets is also linked to Revenue through Asset Turnover. GRIID Infrastructure's Asset Turnover for the quarter that ended in Sep. 2023 was 0.11.

GRIID Infrastructure Total Assets Historical Data

The historical data trend for GRIID Infrastructure's Total Assets 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.

GRIID Infrastructure Total Assets Chart

GRIID Infrastructure Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
49.47 46.14 42.21

GRIID Infrastructure Quarterly Data
Dec21 Jun22 Dec22 Jun23 Sep23 Dec23
Total Assets Get a 7-Day Free Trial - 46.14 43.75 42.80 42.21

GRIID Infrastructure Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

GRIID Infrastructure's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=-59.637+101.844
=42.21

GRIID Infrastructure's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=-122.146+164.946
=42.80

* 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.

GRIID Infrastructure  (NAS:GRDI) Total Assets Explanation

Total Assets is connected with ROA %.

GRIID Infrastructure's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-47.444/( (43.747+42.8)/ 2 )
=-47.444/43.2735
=-109.64 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

GRIID Infrastructure's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=4.858/( (43.747+42.8)/ 2 )
=4.858/43.2735
=0.11

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

GRIID Infrastructure Total Assets Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NAS:GRDI) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
GRDI:Canada
Address
2577 Duck Creek Road, Cincinnati, OH, USA, 45212
Website
Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024