Marathon Digital Holdings Inc (MARA)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,246,580 | 618,683 | 326,513 | 326,083 | 325,654 | 325,266 | 734,231 | 733,260 | 782,171 | 781,182 | 730,348 | 729,377 | 728,406 | — | — | 63 | 63 | 63 | 63 | 999 |
| Total assets | US$ in thousands | 6,801,320 | 3,580,150 | 3,117,160 | 2,956,990 | 1,990,970 | 1,383,780 | 1,373,240 | 1,303,930 | 1,195,240 | 1,475,780 | 1,509,580 | 1,541,470 | 1,444,330 | 664,341 | 583,864 | 686,686 | 313,251 | 37,529 | 10,717 | 5,668 |
| Debt-to-assets ratio | 0.33 | 0.17 | 0.10 | 0.11 | 0.16 | 0.24 | 0.53 | 0.56 | 0.65 | 0.53 | 0.48 | 0.47 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.18 |
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 of Marathon Digital Holdings Inc has shown fluctuations over the past few years, starting at 0.18 in March 2020, decreasing to 0.00 by September 2020, and remaining low until December 2020. From December 2021 to June 2022, there was a significant increase in the ratio, reaching its peak at 0.65 by December 2022. Subsequently, the ratio demonstrated a decreasing trend until June 2024.
The ratio stood at 0.10 as of June 30, 2024, indicating that the company had $0.10 in debt for every $1 of assets. This suggests that Marathon Digital Holdings Inc's reliance on debt as a source of financing has been relatively low in recent periods. However, the increasing trend observed in the last few quarters should be closely monitored to assess the company's evolving leverage position and its ability to manage debt effectively.
Peer comparison
Dec 31, 2024