Marathon Digital Holdings Inc (MARA)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 391,771 | 357,313 | 103,705 | 268,556 | 141,323 |
| Short-term investments | US$ in thousands | — | 639,660 | 121,842 | 223,916 | 2,272 |
| Receivables | US$ in thousands | -2,255 | 0 | 18 | 30,000 | 74,767 |
| Total current liabilities | US$ in thousands | 95,197 | 33,758 | 26,115 | 11,250 | 1,444 |
| Quick ratio | 4.09 | 29.53 | 8.64 | 46.44 | 151.22 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($391,771K
+ $—K
+ $-2,255K)
÷ $95,197K
= 4.09
The quick ratio measures Marathon Digital Holdings Inc's ability to cover its short-term liabilities with its most liquid assets. Looking at the data provided, we can observe a significant decline in the quick ratio over the years.
As of December 31, 2020, the quick ratio was exceptionally high at 151.22, indicating a strong ability to meet short-term obligations with liquid assets. However, this ratio decreased to 46.44 by December 31, 2021, suggesting a reduction in the company's liquidity position.
By December 31, 2022, the quick ratio further dropped to 8.64, signaling a potential liquidity concern as the company may face difficulties in meeting immediate obligations with its current liquid assets. However, there was a slight improvement by December 31, 2023, with the ratio increasing to 29.53.
The most recent data as of December 31, 2024, shows a quick ratio of 4.09, indicating a continued decline in liquidity. This downward trend may raise concerns about the company's ability to address short-term liabilities efficiently.
Overall, the decreasing trend in Marathon Digital Holdings Inc's quick ratio over the years highlights a potential liquidity challenge that the company may need to address in order to maintain its financial health and meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024