Is Riot in Debt?
Riot, the parent company of Riot Games and Riot Blockchain, has a total debt of $21.85 million as of June 2023, which is significantly lower than its cash reserves of $289 million, indicating that the company is not heavily indebted. The company’s debt-to-equity ratio has also decreased from 3.8% to 0.07% over the past 5 years, suggesting a healthy financial position.
Frequently Asked Questions
About Riot’s Debt and Financials
- How much debt does Riot Blockchain have?: According to the latest financial reports, Riot Blockchain has a total debt of $22.25 million, which is 98.62% lower than that of the Software sector.
- Is it good to invest in Riot?: Riot Platforms has an 87.07% upside potential, based on the analysts’ average price target, making it a potentially attractive investment opportunity.
- Is RIOT a Buy, Sell or Hold?: Riot Platforms has a consensus rating of Strong Buy, based on 7 buy ratings, 0 hold ratings, and 1 sell rating.
- How much cash does Riot have?: As of June 2023, Riot Platforms had cash reserves of $289 million, which is significantly higher than its total debt.
- Does Riot Platforms Have A Long Cash Runway?: With a cash burn of $181 million in the last year, Riot Platforms has a relatively long cash runway, considering its minimal debt.
About Riot’s Comparison with Other Companies
- Is Riot richer than Blizzard?: Activision Blizzard has a market cap of $74.97 billion, while Riot Games has a valuation of $3.52 billion, indicating that Activision Blizzard is significantly larger.
- How much is Riot worth now?: Riot Platforms’ net worth as of October 31, 2023, is $1.94 billion.
- Will RIOT stock ever recover?: On average, Wall Street analysts predict that Riot Platforms’ share price could reach $16.29 by October 11, 2024, representing a potential upside of 70.71%.
About Riot’s Business and Operations
- Is RIOT a profitable company?: Riot Platforms is not currently profitable, but most analysts expect strong revenue growth from the company.
- What is the future of RIOT?: According to the latest long-term forecast, Riot’s price is expected to rise to $12 by the end of 2023, $15 by the end of 2024, and $35 by 2035.
- Is Riot a Bitcoin miner?: Yes, Riot Platforms Inc. is one of the largest Bitcoin miners in Texas, earning a record $31.7 million from power credits during the August heat wave.
About Riot’s Ownership and Dividends
- Who owns the most shares of Riot Blockchain?: The largest shareholders of Riot Blockchain include Vanguard Group Inc, BlackRock Inc., and State Street Corp.
- Is RIOT stock Overvalued?: Compared to the current share price of $9.5, the company appears slightly overvalued at the time of writing.
- Does RIOT pay dividends?: No, Riot Platforms (RIOT) does not pay a dividend.
- How does RIOT get money?: Riot Games generates revenue through in-game purchases, advertising, and sponsorship deals, with the company earning approximately $31 per second from microtransactions.