Greenidge Generation Holdings (Greenidge Generation Holdings) Debt-to-EBITDA : 1.93 (As of Dec. 2023)

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What is Greenidge Generation Holdings Debt-to-EBITDA?

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

Greenidge Generation Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Greenidge Generation Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $68.71 Mil. Greenidge Generation Holdings's annualized EBITDA for the quarter that ended in Dec. 2023 was $35.54 Mil. Greenidge Generation Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.93.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Greenidge Generation Holdings's Debt-to-EBITDA or its related term are showing as below:

GREE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -24.73 Med: -0.77 Max: 4.24
Current: -24.73

During the past 5 years, the highest Debt-to-EBITDA Ratio of Greenidge Generation Holdings was 4.24. The lowest was -24.73. And the median was -0.77.

GREE's Debt-to-EBITDA is ranked worse than
100% of 418 companies
in the Capital Markets industry
Industry Median: 1.565 vs GREE: -24.73

Greenidge Generation Holdings Debt-to-EBITDA Historical Data

The historical data trend for Greenidge Generation Holdings's Debt-to-EBITDA 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.

Greenidge Generation Holdings Debt-to-EBITDA Chart

Greenidge Generation Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

-2.07

4.24

2.28

-0.77

-24.73

Greenidge Generation Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial											-0.33	-15.75	-6.49	-3.32	1.93

Competitive Comparison of Greenidge Generation Holdings's Debt-to-EBITDA

For the Capital Markets subindustry, Greenidge Generation Holdings's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Greenidge Generation Holdings's Debt-to-EBITDA Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Greenidge Generation Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Greenidge Generation Holdings's Debt-to-EBITDA falls into.

Greenidge Generation Holdings Debt-to-EBITDA Calculation

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

Greenidge Generation Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	68.71)	/	-2.778
	=	-24.73

Greenidge Generation Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0	+	68.71)	/	35.54
	=	1.93

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Greenidge Generation Holdings (NAS:GREE) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Greenidge Generation Holdings Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Greenidge Generation Holdings's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Greenidge Generation Holdings (Greenidge Generation Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Greenidge Generation Holdings Inc. (NAS:GREE) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 Rennell Drive, 3rd Floor, Fairfield, CT, USA, 06890

Website

https://www.greenidge.com

Greenidge Generation Holdings Inc. owns and operates a vertically integrated cryptocurrency data center and power generation company. The Company owns and operates facilities at two locations: the Town of Torrey, New York and Spartanburg, South Carolina. The Company's cryptocurrency data center operations generate revenue in the form of bitcoin by earning bitcoin as rewards and transaction fees for supporting the global bitcoin network with application-specific integrated circuit computers (ASICs or miners) owned or leased by the Company. The Company also owns and operates a 106MW power facility that is connected to the New York Independent System Operator (NYISO) power grid.

Executives

Jordan Kovler	director	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 05890
Christian Mulvihill	officer: Chief Financial Officer	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
Michael P Neuscheler	director	C/O I3 MOBILE INC, 181 HARBOR DRIVE, STAMFORD CT 06902
Daniel Rothaupt	director	GREENIDGE GENERATION HOLDINGS INC., 590 PLANT ROAD, DRESDEN NY 14441
Atlas Capital Gp Lp	director, 10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Atlas Capital Resources Gp Llc	director, 10 percent owner	100 NORTHFIELD STREET, GREENWICH CT 06830
Andrew M Bursky	director, 10 percent owner
Timothy J Fazio	director, 10 percent owner	ATLAS HOLDINGS LLC, 100 NORTHFIELD STREET, GREENWICH CT 06830
Robert Loughran	officer: Accounting Officer	C/O AVON PRODUCTS, INC., 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105-0196
Scott J. Mackenzie	officer: Chief Strategy Officer	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
David Carl Anderson	director, officer: Chief Executive Officer (CEO)	135 RENNELL DRIVE, 3RD FLOOR, FAIRFIELD CT 06890
Terence A. Burke	officer: General Counsel	590 PLANT ROAD, DRESDEN NY 14441
C Clark Webb	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
Rha Investments, Inc.	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225
210 Capital, Llc	10 percent owner	8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225