Marathon Digital Holdings Inc (MARA)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 324,268 | 357,313 | 101,210 | 113,675 | 124,882 | 103,705 | 55,339 | 86,461 | 117,942 | 268,556 | 32,854 | 170,616 | 211,934 | 141,323 | 17,252 | 775 | 475 | 693 | 1,343 | 1,688 |
| Short-term investments | US$ in thousands | 1,234,700 | 639,660 | 286,801 | 234,412 | 189,087 | 121,842 | 0 | 136,836 | 218,237 | 223,916 | 208,765 | 166,915 | 281,823 | 2,272 | 452 | 109 | 3 | 1 | 3 | 5 |
| Receivables | US$ in thousands | 8,368 | 0 | 1,193 | 759 | 172 | 18 | — | 30,000 | 30,000 | 30,000 | — | — | — | 74,767 | — | — | — | — | — | — |
| 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 |
| 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 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($324,268K
+ $1,234,700K
+ $8,368K)
÷ $71,131K
= 22.03
The quick ratio of Marathon Digital Holdings Inc has shown significant fluctuations over the various periods, ranging from as low as 0.34 to as high as 170.26.
A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities. In this case, the company's quick ratio has generally been above 1, suggesting a healthy liquidity position.
However, the quick ratio has experienced notable spikes and drops, which may indicate fluctuations in the company's ability to quickly convert its current assets into cash to meet its short-term obligations.
It is essential to further investigate the reasons behind these fluctuations to determine the effectiveness of the company's liquidity management strategies and its overall financial health.
Peer comparison
Mar 31, 2024