Marathon Digital Holdings Inc (MARA)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 391,771 | 164,256 | 256,027 | 324,268 | 357,313 | 357,313 | 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 |
| Short-term investments | US$ in thousands | — | — | 1,158,620 | 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 |
| Receivables | US$ in thousands | -2,255 | 2,792 | 18,743 | 8,368 | 0 | 1,193 | 759 | 172 | 18 | — | 30,000 | 30,000 | 30,000 | — | — | — | 74,767 | — | — | — |
| 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 |
| Quick ratio | 4.09 | 2.79 | 14.45 | 22.03 | 29.53 | 16.90 | 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 |
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 of Marathon Digital Holdings Inc has shown significant variability over the past few years. Starting at a low of 0.34 on March 31, 2020, the ratio improved steadily, reaching a peak of 170.26 on March 31, 2021. This indicates that the company had a high level of liquid assets compared to its current liabilities during that period.
However, the quick ratio experienced a sharp decline after March 31, 2021, dropping to 2.81 on June 30, 2022. This sudden decrease suggests a potential liquidity issue or a decrease in liquid assets relative to current liabilities. The ratio continued to fluctuate throughout the following periods, showing some level of instability in the company's liquidity position.
As of December 31, 2024, the quick ratio stood at 4.09, indicating an improvement from the low points observed in previous quarters. Overall, the quick ratio trend for Marathon Digital Holdings Inc demonstrates fluctuations in liquidity and highlights the importance of closely monitoring the company's ability to meet its short-term obligations with liquid assets.
Peer comparison
Dec 31, 2024