Marathon Digital Holdings Inc (MARA)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 22.03 | 29.53 | 10.20 | 12.31 | 13.19 | 8.64 | 1.22 | 2.81 | 23.88 | 46.44 | 61.57 | 100.91 | 170.26 | 151.22 | 15.60 | 0.95 | 0.34 | 0.37 | 0.33 | 0.75 |
| Cash ratio | 21.92 | 29.53 | 10.16 | 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 | 0.37 | 0.33 | 0.75 |
The liquidity ratios of Marathon Digital Holdings Inc indicate the company's ability to meet its short-term financial obligations.
The current ratio has been consistently high, ranging from 4.02 to 219.27 over the past few quarters, indicating that the company has more than enough current assets to cover its current liabilities. This suggests a strong liquidity position.
The quick ratio, which excludes inventory from current assets, also shows a similar trend, remaining relatively high at values between 1.22 and 170.26. This indicates that the company can easily meet its short-term obligations without relying on selling inventory.
The cash ratio, which is the most conservative liquidity measure, has been quite stable and high, ranging from 1.22 to 170.26. This suggests that the company has a significant amount of cash and cash equivalents on hand to cover its current liabilities.
Overall, the liquidity ratios of Marathon Digital Holdings Inc demonstrate a robust liquidity position, with ample resources to meet its short-term obligations.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | -9.90 | -8.51 | -6.90 | 19.77 | 8.96 | 10.52 | 18.17 | 35.56 | 157.20 | 173.16 | 0.00 | 0.00 | 0.00 | 9,715.43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
The cash conversion cycle for Marathon Digital Holdings Inc has fluctuated significantly over the past few quarters. As of March 31, 2024, the company's cash conversion cycle was reported at -9.90 days, indicating that Marathon Digital Holdings Inc was able to convert its inventory to cash quickly. This was an improvement compared to the previous quarter's cash conversion cycle of -8.51 days.
In the quarters before that, the company experienced positive cash conversion cycles, suggesting that it took longer to convert its inventory and receivables into cash. Notably, in the quarter ending March 31, 2021, Marathon Digital Holdings Inc reported an exceptionally long cash conversion cycle of 9,715.43 days, indicating significant challenges in managing its working capital efficiently.
Overall, the trend in the cash conversion cycle for Marathon Digital Holdings Inc has shown improvement in recent quarters, with the company able to convert inventory and receivables into cash more efficiently. However, historical data suggests that the company has experienced periods of inefficiency in working capital management, which could impact its overall liquidity and operating performance.