Marathon Digital Holdings Inc (MARA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 470,373 | 239,372 | 371,946 | 1,640,760 | 1,029,800 | 432,646 | 422,437 | 386,308 | 277,548 | 240,107 | 362,192 | 593,932 | 684,236 | 554,560 | 491,651 | 635,886 | 286,409 | 31,601 | 5,820 | 1,504 |
| 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 |
| Current ratio | 4.94 | 4.00 | 3.75 | 23.07 | 30.51 | 11.33 | 14.91 | 16.22 | 10.63 | 5.27 | 4.02 | 38.74 | 60.82 | 141.33 | 146.98 | 219.27 | 198.34 | 27.84 | 6.26 | 1.07 |
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 fluctuated significantly over the analyzed periods. Starting at 1.07 on March 31, 2020, the current ratio increased rapidly to 198.34 by December 31, 2020, indicating a strong ability to cover short-term liabilities with current assets. Subsequently, the ratio declined to 4.02 on June 30, 2022, suggesting a potential liquidity concern.
Although the ratio improved to 30.51 by December 31, 2023, signifying enhanced liquidity position, it then fell to 3.75 on June 30, 2024, suggesting a potential struggle to meet short-term obligations. This was followed by a slight recovery to 4.94 by December 31, 2024.
In summary, Marathon Digital Holdings Inc has exhibited varying levels of liquidity over the analyzed periods, with some fluctuations that may reflect changes in the company's ability to meet its short-term obligations with its current assets. Investors and stakeholders may need to closely monitor future developments in the current ratio to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2024