What is Cipher Digital, Inc. 's net debt / EBITDA?

Cipher Digital, Inc. (CIFR) reported net debt / EBITDA of 1.5× in Q2 2023.

What does net debt / EBITDA mean?

How many years of operating earnings it would take to pay off the company's net debt.

How do you interpret net debt / EBITDA?

Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.

How does net debt / EBITDA compare across companies?

A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.

Cipher Digital, Inc. CIFR Net debt / EBITDA

Net debt / EBITDA at other companies

TeraWulfWULF

-1×—

Equinix, Inc.EQIX

5.4×+0.4×

Digital RealtyDLR

-0.7×-0.2×

Core Scientific, Inc.CORZ

6.5×—

Iris EnergyIREN

-20.3×—

Hut 8 Mining Corp.HUT

0×-1.1×

Other financials

Income statement

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Revenue$34.8M-28.8%

Gross profit$17.1M-49.7%

Operating income-$114.6M-201%

Net income-$114.3M-193%

EPS (diluted)-$0.28-155%

Balance sheet

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Cash & equivalents$713.0M+1,798%

Total debt$4.7B+8,030%

Total equity$714.2M-2.8%

Total assets$6.4B+600%

Cash flow

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Operating cash flow$91.5M+294%

CapEx$554.0M+456%

Free cash flow-$462.5M-215%

Valuation

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Market cap$11.94B+527%

Enterprise value$15.97B+985%

P/S56.9×+44.4×

Profitability

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Gross margin60%+1.0pp

Operating margin-237.4%—

Net margin-427.8%—

FCF margin-482%-3,491pp

Returns & leverage

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Return on equity-123.9%—

Debt / equity6.6×+6.6×

Current ratio3.1×+2.0×

Where this comes from

Calculated from Cipher Digital, Inc. ’s reported figures.

net debt/ebitda=1.5×

Based on the most recent quarter.

The official record: Cipher Digital, Inc. ’s 10-Q, filed August 8, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cipher Digital, Inc. 's net debt / EBITDA?: Cipher Digital, Inc. (CIFR) reported net debt / EBITDA of 1.5× in Q2 2023.
What does net debt / EBITDA mean?: How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?: Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?: A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.