CleanSpark Balance Sheet Health
Financial Health criteria checks 5/6
CleanSpark has a total shareholder equity of $1.5B and total debt of $12.8M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are $1.5B and $74.4M respectively. CleanSpark's EBIT is $81.8M making its interest coverage ratio -64.5. It has cash and short-term investments of $320.8M.
Key information
0.9%
Debt to equity ratio
US$12.78m
Debt
| Interest coverage ratio | -64.5x |
| Cash | US$320.84m |
| Equity | US$1.46b |
| Total liabilities | US$74.40m |
| Total assets | US$1.54b |
Recent financial health updates
Health Check: How Prudently Does CleanSpark (NASDAQ:CLSK) Use Debt?
Sep 22
We Think CleanSpark (NASDAQ:CLSK) Has A Fair Chunk Of Debt
Jun 21Recent updates
CleanSpark May Benefit From The Bitcoin Halving Event
Apr 01CleanSpark, Inc.'s (NASDAQ:CLSK) 145% Jump Shows Its Popularity With Investors
Feb 28CleanSpark To Benefit From SEC Decision - But Not Necessarily Right Now
Jan 15With CleanSpark, Inc. (NASDAQ:CLSK) It Looks Like You'll Get What You Pay For
Jan 04Health Check: How Prudently Does CleanSpark (NASDAQ:CLSK) Use Debt?
Sep 22We Think CleanSpark (NASDAQ:CLSK) Has A Fair Chunk Of Debt
Jun 21A Piece Of The Puzzle Missing From CleanSpark, Inc.'s (NASDAQ:CLSK) 69% Share Price Climb
Apr 17It's Unlikely That CleanSpark, Inc.'s (NASDAQ:CLSK) CEO Will See A Huge Pay Rise This Year
Mar 02CleanSpark bitcoin production climbs 13% in September, sells 380 BTC
Oct 04Be Ready To Add CleanSpark When Fed Signals Pivot
Sep 28CleanSpark: The Current Bitcoin Environment And Company Updates
Sep 16CleanSpark acquires 10K more bitcoin mining machines for $28M
Sep 07CleanSpark to acquire active bitcoin mining site in Washington, Georgia
Aug 09CleanSpark expands bitcoin mining capacity by 93 PH/s with new machine purchases
Jul 14CleanSpark mines nearly 9% more bitcoins in June vs. May
Jul 06CleanSpark - The Most Overlooked Publicly Traded Bitcoin Miner
May 03CleanSpark: Stock Dips On Flat Energy Revenues
Dec 30CleanSpark: Be Aware Of These Red Flags Before Investing
Oct 07CleanSpark, Inc. Reported A Surprise Loss, And Analysts Have Updated Their Forecasts
Aug 19CleanSpark: A Clever Way To Play Bitcoin FUD
Jul 12CleanSpark: Addressing Bitcoin Price Decline Impact And Quarterly Update
Jun 13CleanSpark closes purchase of ATL Data Center real estate
May 26CleanSpark EPS beats by $0.24, misses on revenue
May 07Analysts Expect CleanSpark, Inc. (NASDAQ:CLSK) To Breakeven Soon
May 05Financial Position Analysis
Short Term Liabilities: CLSK's short term assets ($687.8M) exceed its short term liabilities ($55.0M).
Long Term Liabilities: CLSK's short term assets ($687.8M) exceed its long term liabilities ($19.4M).
Debt to Equity History and Analysis
Debt Level: CLSK has more cash than its total debt.
Reducing Debt: CLSK's debt to equity ratio has reduced from 2.4% to 0.9% over the past 5 years.
Debt Coverage: CLSK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CLSK earns more interest than it pays, so coverage of interest payments is not a concern.