Iris Energy (Iris Energy) Cash-to-Debt : 67.39 (As of Dec. 2023)

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What is Iris Energy Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Iris Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 67.39.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Iris Energy could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Iris Energy's Cash-to-Debt or its related term are showing as below:

IREN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 1.02 Max: 67.39
Current: 67.39

During the past 4 years, Iris Energy's highest Cash to Debt Ratio was 67.39. The lowest was 0.36. And the median was 1.02.

IREN's Cash-to-Debt is ranked better than
79.06% of 788 companies
in the Capital Markets industry
Industry Median: 1.9 vs IREN: 67.39

Iris Energy Cash-to-Debt Historical Data

The historical data trend for Iris Energy's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Iris Energy Cash-to-Debt Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

1.00

0.47

1.02

47.58

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							1.86	1.02	0.36	47.58	67.39

Competitive Comparison of Iris Energy's Cash-to-Debt

For the Capital Markets subindustry, Iris Energy's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Iris Energy's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Iris Energy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Iris Energy's Cash-to-Debt falls into.

Iris Energy Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Iris Energy's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	68.894	/	(0.192	+	1.256)
	=	47.58

Iris Energy's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	91.587	/	(0.209	+	1.15)
	=	67.39

Iris Energy (NAS:IREN) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Iris Energy Cash-to-Debt Related Terms

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Iris Energy (Iris Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Iris Energy Ltd (NAS:IREN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.