Cipher Digital (CIFR) Debt Ratio (2020 - 2026)
Cipher Digital (CIFR) posted Debt Ratio of 0.75 for Q2 2026, down 5.58% on a QoQ basis from 0.8 in Q1 2026, and up 358.01% year-over-year from 0.16 in Q2 2025.
Analysis
Cipher Digital (CIFR) Debt Ratio (2020 - 2026) Analysis & Trends
Cipher Digital has reported Debt Ratio for 6 years, with the latest figure at 0.75 in Q2 2026.
- On a quarterly basis, Debt Ratio rose 358.01% year-over-year to 0.75 in Q2 2026; TTM through Jun 2026 was 0.75, a 358.01% increase from a year earlier, with the FY2025 full-year figure at 0.65, up 759.17% from the prior year.
- Debt Ratio was 0.75 for Q2 2026 at Cipher Digital, down from 0.8 in the prior quarter.
- The five-year high for Debt Ratio was 0.8 in Q1 2026, with the low at 0.0 in Q1 2023.
- Average Debt Ratio over 5 years is 0.24, with a median of 0.08 recorded in 2024.
- The sharpest annual moves came in 2023 and 2026: Debt Ratio sank 65.11% in 2023, then soared 925.29% in 2026.
- Over 5 years, Debt Ratio stood at 0.01 in 2022, then slumped by 48.89% to 0.0 in 2023, then jumped by 1907.29% to 0.08 in 2024, then jumped by 759.17% to 0.65 in 2025, then advanced by 15.69% to 0.75 in 2026.
- The last three Debt Ratio figures came in at 0.75 (Q2 2026), 0.8 (Q1 2026), and 0.65 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 0.48 |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 0.52 |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 0.75 |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 0.50 |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 0.32 |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 1.16 |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 10.14 |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 0.07 |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 1.89 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.75 |
| Mar 31, 2026 | 0.80 |
| Dec 31, 2025 | 0.65 |
| Sep 30, 2025 | 0.36 |
| Jun 30, 2025 | 0.16 |
| Mar 31, 2025 | 0.08 |
| Dec 31, 2024 | 0.08 |
| Mar 31, 2023 | 0.00 |
| Dec 31, 2022 | 0.01 |
| Sep 30, 2022 | 0.01 |
| Jun 30, 2022 | 0.04 |
| Mar 31, 2022 | 0.01 |
| Sep 30, 2020 | 0.48 |