Marathon Digital Holdings Inc (MARA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,246,580 | 325,654 | 782,171 | 728,406 | 63 |
| Total assets | US$ in thousands | 6,801,320 | 1,990,970 | 1,195,240 | 1,444,330 | 313,251 |
| Debt-to-assets ratio | 0.33 | 0.16 | 0.65 | 0.50 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,246,580K ÷ $6,801,320K
= 0.33
The debt-to-assets ratio for Marathon Digital Holdings Inc has shown an increasing trend from 2020 to 2022. In 2020, the ratio was 0.00, indicating that the company had no debt relative to its total assets. However, by the end of 2022, the ratio had increased to 0.65, suggesting that the company's level of debt relative to its assets had risen significantly.
Subsequently, in 2023 and 2024, the ratio decreased to 0.16 and 0.33, respectively. This reduction indicates that Marathon Digital Holdings Inc managed to decrease its debt relative to its assets during these years. Despite the fluctuations, it is important to note that the company's debt-to-assets ratio remained below 1 in all years, suggesting that the company's assets outweigh its debt obligations.
Overall, the changing trend of the debt-to-assets ratio for Marathon Digital Holdings Inc highlights the company's evolving financial leverage and its ability to manage debt levels relative to its asset base over the specified period.
Peer comparison
Dec 31, 2024