CleanSpark Balance Sheet Health
Financial Health criteria checks 4/6
CleanSpark has a total shareholder equity of $1.8B and total debt of $66.1M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are $2.0B and $201.8M respectively. CleanSpark's EBIT is $54.2M making its interest coverage ratio -8.9. It has cash and short-term investments of $122.1M.
Key information
3.8%
Debt to equity ratio
US$66.06m
Debt
| Interest coverage ratio | -8.9x |
| Cash | US$122.14m |
| Equity | US$1.76b |
| Total liabilities | US$201.82m |
| Total assets | US$1.96b |
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's Summer Buying Spree
Oct 02CleanSpark, Inc.'s (NASDAQ:CLSK) Stock Retreats 34% But Revenues Haven't Escaped The Attention Of Investors
Aug 18CleanSpark, Inc.'s (NASDAQ:CLSK) Price In Tune With Revenues
Jul 04CleanSpark 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 07Financial Position Analysis
Short Term Liabilities: CLSK's short term assets ($705.4M) exceed its short term liabilities ($187.9M).
Long Term Liabilities: CLSK's short term assets ($705.4M) exceed its long term liabilities ($13.9M).
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 16.5% to 3.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CLSK has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CLSK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 22:41 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
CleanSpark, Inc. is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gregory Lewis | BTIG |
| Brett Knoblauch | Cantor Fitzgerald & Co. |
| Joshua Siegler | Cantor Fitzgerald & Co. |