Marathon Digital Holdings Inc (MARA)
Cash ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 324,268 | 357,313 | 101,210 | 113,675 | 124,882 | 103,705 | 55,339 | 86,461 | 117,942 | 268,556 | 32,854 | 170,616 | 211,934 | 141,323 | 17,252 | 775 | 475 | 693 | 1,343 | 1,688 |
| Short-term investments | US$ in thousands | 1,234,700 | 639,660 | 286,801 | 234,412 | 189,087 | 121,842 | 0 | 136,836 | 218,237 | 223,916 | 208,765 | 166,915 | 281,823 | 2,272 | 452 | 109 | 3 | 1 | 3 | 5 |
| Total current liabilities | US$ in thousands | 71,131 | 33,758 | 38,173 | 28,337 | 23,819 | 26,115 | 45,542 | 90,145 | 15,331 | 11,250 | 3,924 | 3,345 | 2,900 | 1,444 | 1,135 | 929 | 1,404 | 1,853 | 4,056 | 2,263 |
| Cash ratio | 21.92 | 29.53 | 10.16 | 12.28 | 13.18 | 8.64 | 1.22 | 2.48 | 21.93 | 43.78 | 61.57 | 100.91 | 170.26 | 99.44 | 15.60 | 0.95 | 0.34 | 0.37 | 0.33 | 0.75 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($324,268K
+ $1,234,700K)
÷ $71,131K
= 21.92
The cash ratio of Marathon Digital Holdings Inc has varied significantly over the past few quarters. The company's cash ratio indicates its ability to cover short-term liabilities with its cash and cash equivalents.
In the most recent quarter, as of March 31, 2024, the cash ratio stands at 21.92, which indicates that the company has $21.92 in cash for every $1 of current liabilities. This suggests that the company is able to cover its short-term obligations comfortably with its cash reserves.
Looking back at the trend, the cash ratio has shown fluctuations over the quarters, with some periods showing higher liquidity levels compared to others. For example, the cash ratio was highest in September 2021 at 170.26, indicating a significant cash surplus relative to short-term liabilities. Conversely, there were times, such as in September 2020 (0.95) and June 2020 (0.95), where the company had relatively lower cash reserves compared to short-term obligations.
Overall, the cash ratio trend of Marathon Digital Holdings Inc suggests that the company has been managing its liquidity position effectively, with periods of strong cash reserves and other periods where liquidity was more strained. Investors and analysts should continue to monitor the cash ratio alongside other financial metrics to assess the company's overall financial health and ability to meet its short-term obligations.
Peer comparison
Mar 31, 2024