Iris Energy (Iris Energy) Debt-to-Revenue : 0.01 (As of Mar. 2024)

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What is Iris Energy Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Iris Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.2 Mil. Iris Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.5 Mil. Iris Energy's annualized Revenue for the quarter that ended in Mar. 2024 was $215.8 Mil. Iris Energy's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Iris Energy Debt-to-Revenue Historical Data

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

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Iris Energy Debt-to-Revenue Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Revenue

0.90

10.61

1.83

0.02

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial									2.04	-	0.01	0.01	0.01

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

For the Capital Markets subindustry, Iris Energy's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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 Debt-to-Revenue Distribution in the Capital Markets Industry

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

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

Iris Energy Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Iris Energy's Debt-to-Revenue for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.192	+	1.256)	/	75.509
	=	0.02

Iris Energy's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.205	+	1.512)	/	215.8
	=	0.01

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.

Iris Energy Debt-to-Revenue 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 » Debt-to-Revenue

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.