Marathon Digital Holdings Inc (MARA)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 391,771 | 164,256 | 256,027 | 324,268 | 357,313 | 357,313 | 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 |
| Short-term investments | US$ in thousands | — | — | 1,158,620 | 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 |
| Total current liabilities | US$ in thousands | 95,197 | 59,789 | 99,211 | 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 |
| Cash ratio | 4.12 | 2.75 | 14.26 | 21.92 | 29.53 | 16.87 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($391,771K
+ $—K)
÷ $95,197K
= 4.12
The cash ratio of Marathon Digital Holdings Inc has shown fluctuations over the past few years. The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to December 31, 2020, the cash ratio increased significantly from 0.34 to 99.44, indicating a substantial improvement in the company's ability to cover its short-term obligations with cash on hand. This improvement continued into the first half of 2021, reaching a peak of 170.26 on March 31, 2021.
However, from June 30, 2021, to December 31, 2024, the cash ratio experienced a downward trend, dropping to as low as 2.48 on June 30, 2022, and then gradually increasing to 4.12 on December 31, 2024. Despite the fluctuations, the company maintained a cash ratio above 1, indicating that it had sufficient cash to cover its short-term liabilities during this period.
Overall, Marathon Digital Holdings Inc's cash ratio demonstrates the company's ability to meet its short-term obligations with its cash reserves, although there have been fluctuations in this ratio over the years. Further analysis of the company's overall liquidity position and cash management practices would provide more insights into its financial health.
Peer comparison
Dec 31, 2024