Marathon Digital Holdings Inc (MARA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 1,494 | 1,556 | 1,935 |
| 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 |
| Current ratio | 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 | 0.81 | 0.38 | 0.86 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,640,760K ÷ $71,131K
= 23.07
The current ratio of Marathon Digital Holdings Inc has exhibited significant fluctuations over the periods analyzed. The ratio, which measures the company's ability to cover its short-term obligations with its current assets, ranged from as low as 0.38 to as high as 219.27 during the periods under review.
The ratio peaked at 219.27 in March 2021, indicating a substantial increase in the company's short-term liquidity position. This high ratio suggests that Marathon Digital Holdings Inc had a strong ability to meet its current liabilities with its current assets at that time.
However, the current ratio witnessed a sharp decline in subsequent periods, reaching a low of 0.38 in March 2020. This significant drop in the ratio could signify potential liquidity challenges for the company in managing its short-term obligations with available current assets.
Overall, the current ratio of Marathon Digital Holdings Inc displays volatility and highlights the importance of regular monitoring of liquidity levels to ensure the company's financial health and ability to meet its short-term obligations.
Peer comparison
Mar 31, 2024