Marathon Digital Holdings Inc (MARA)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 470,373 | 1,029,800 | 277,548 | 684,236 | 286,409 |
| Total current liabilities | US$ in thousands | 95,197 | 33,758 | 26,115 | 11,250 | 1,444 |
| Current ratio | 4.94 | 30.51 | 10.63 | 60.82 | 198.34 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $470,373K ÷ $95,197K
= 4.94
The current ratio of Marathon Digital Holdings Inc has shown a significant downward trend over the years based on the provided data. Starting at a very high level of 198.34 on December 31, 2020, the ratio has progressively decreased. As of December 31, 2024, the current ratio stands at 4.94, indicating a substantial decline in the company's ability to cover its short-term obligations with its current assets.
While a high current ratio suggests a strong ability to meet short-term liabilities, the decreasing trend observed in Marathon Digital Holdings Inc's current ratio raises concerns about its liquidity position and ability to manage its short-term financial obligations efficiently. It is advisable for stakeholders to closely monitor the company's liquidity management and investigate the underlying reasons for the significant decline in the current ratio.
Peer comparison
Dec 31, 2024