Stronghold Digital Mining (Stronghold Digital Mining) Equity-to-Asset : 0.37 (As of Dec. 2023)

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What is Stronghold Digital Mining Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Stronghold Digital Mining's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $63.81 Mil. Stronghold Digital Mining's Total Assets for the quarter that ended in Dec. 2023 was $174.34 Mil. Therefore, Stronghold Digital Mining's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.37.

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

SDIG' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.43 Med: 0.37 Max: 0.58
Current: 0.37

During the past 5 years, the highest Equity to Asset Ratio of Stronghold Digital Mining was 0.58. The lowest was -0.43. And the median was 0.37.

SDIG's Equity-to-Asset is ranked worse than
59.25% of 805 companies
in the Capital Markets industry
Industry Median: 0.5 vs SDIG: 0.37

Stronghold Digital Mining Equity-to-Asset Historical Data

The historical data trend for Stronghold Digital Mining'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.

Stronghold Digital Mining Equity-to-Asset Chart

Stronghold Digital Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

-0.35

-0.43

0.58

0.44

0.37

Stronghold Digital Mining Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial											0.44	0.52	0.49	0.46	0.37

Competitive Comparison of Stronghold Digital Mining's Equity-to-Asset

For the Capital Markets subindustry, Stronghold Digital Mining'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.

Stronghold Digital Mining's Equity-to-Asset Distribution in the Capital Markets Industry

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

* The bar in red indicates where Stronghold Digital Mining's Equity-to-Asset falls into.

Stronghold Digital Mining 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.

Stronghold Digital Mining's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	63.814	/	174.337
	=	0.37

Stronghold Digital Mining'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
	=	63.814	/	174.337
	=	0.37

Stronghold Digital Mining (NAS:SDIG) 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%.

Stronghold Digital Mining Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Stronghold Digital Mining's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Stronghold Digital Mining (Stronghold Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Stronghold Digital Mining Inc (NAS:SDIG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Madison Avenue, 28th Floor, New York, NY, USA, 10022

Website

https://www.strongholddigitalmining.com

Stronghold Digital Mining Inc is a vertically integrated crypto asset mining company currently focused on mining Bitcoin. The company has two reporting segments; Energy Operations and Cryptocurrency Operations. It generates maximum revenue from the Cryptocurrency Operations segment.

Executives

Gregory A Beard	director, 10 percent owner, officer: Chief Executive Officer	C/O ATHLON ENERGY INC., 420 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
William B. Spence	director, 10 percent owner	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Matthew J. Smith	director	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Richard J. Shaffer	officer: See Remarks	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Thomas B Doherty	director	411 WAVERLY OAKS RD, WALTHAM MA 02154
Indira Agarwal	director	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Thomas Pacchia	director	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Sarah James	director	PO BOX 500 71 FORT STREET, GRAND CAYMAN E9 KY11106
Trowbridge Thomas R. Iv	director	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Ricardo Larroude	officer: Chief Financial Officer	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Q Power Llc	10 percent owner	2151 LISBON ROAD, KENNERDELL PA 16374