Marathon Digital Holdings Inc (MARA)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,029,800 | 277,548 | 684,236 | 286,409 | 1,494 |
| Total current liabilities | US$ in thousands | 33,758 | 26,115 | 11,250 | 1,444 | 1,853 |
| Current ratio | 30.51 | 10.63 | 60.82 | 198.34 | 0.81 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,029,800K ÷ $33,758K
= 30.51
The current ratio of Marathon Digital Holdings Inc has experienced significant fluctuations over the past five years. The ratio indicates the company's ability to cover its short-term liabilities with its current assets.
In 2023, the current ratio stands at 30.51, representing a substantial increase from the previous year. This indicates that the company has significantly improved its liquidity position compared to 2022.
In 2022, the current ratio was 10.63, which was a considerable drop from the exceptionally high ratio of 60.82 in 2021. The decline in 2022 suggests a potential liquidity strain or a decrease in current assets relative to current liabilities.
The year 2021 showcased a robust current ratio of 60.82, indicating a strong ability to meet short-term obligations with current assets. This was a significant improvement from 2020 when the ratio was exceptionally high at 198.34, suggesting a very strong liquidity position.
In contrast, the current ratio in 2019 was notably low at 0.81, indicating potential liquidity challenges and a need for better management of current assets and liabilities.
Overall, the current ratio of Marathon Digital Holdings Inc has varied widely over the past five years, reflecting fluctuations in its liquidity position and highlighting the importance of maintaining a balance between current assets and liabilities for financial stability.
Peer comparison
Dec 31, 2023