Iris Energy (Iris Energy) Equity-to-Asset : 0.92 (As of Dec. 2023)

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What is Iris Energy Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Iris Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $381.85 Mil. Iris Energy's Total Assets for the quarter that ended in Dec. 2023 was $417.17 Mil. Therefore, Iris Energy's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.92.

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

IREN' s Equity-to-Asset Range Over the Past 10 Years
Min: -2.13 Med: 0.77 Max: 0.92
Current: 0.92

During the past 4 years, the highest Equity to Asset Ratio of Iris Energy was 0.92. The lowest was -2.13. And the median was 0.77.

IREN's Equity-to-Asset is ranked better than
85.34% of 805 companies
in the Capital Markets industry
Industry Median: 0.5 vs IREN: 0.92

Iris Energy Equity-to-Asset Historical Data

The historical data trend for Iris Energy's Equity-to-Asset 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.

Iris Energy Equity-to-Asset Chart

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

0.76

-0.37

0.77

0.92

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial							0.82	0.77	0.66	0.92	0.92

Competitive Comparison of Iris Energy's Equity-to-Asset

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

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

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

Iris Energy Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Iris Energy's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	305.361	/	332.074
	=	0.92

Iris Energy's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	381.848	/	417.167
	=	0.92

Iris Energy (NAS:IREN) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Iris Energy Equity-to-Asset 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 » Equity-to-Asset

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.