Marathon Digital Holdings Inc (MARA)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 999 | — | — |
| Total assets | US$ in thousands | 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 | 6,620 | 7,680 | 4,143 |
| Debt-to-assets ratio | 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 | 0.15 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $326,083K ÷ $2,956,990K
= 0.11
The debt-to-assets ratio of Marathon Digital Holdings Inc has exhibited fluctuations over the past quarters. As of March 31, 2024, the ratio stands at 0.11, indicating that only 11% of the company's assets are financed by debt. This represents a significant improvement compared to the previous quarter (December 31, 2023) when the ratio was 0.16.
Looking further back, there was a notable increase in the debt-to-assets ratio in the third quarter of 2023 (0.24) and the second quarter of 2023 (0.53), suggesting a higher reliance on debt financing during those periods. Subsequently, there was a decrease in the ratio in the first quarter of 2023 (0.56), followed by fluctuations in the range of 0.47 to 0.65 throughout the rest of 2022.
It is worth noting that the company reported debt-to-assets ratios of 0.00 in the third and fourth quarters of 2021 and the first quarter of 2022, indicating either a debt-free status or a very low level of debt relative to assets during that time.
Overall, the trend in the debt-to-assets ratio of Marathon Digital Holdings Inc points to fluctuations in the company's capital structure and varying levels of debt utilization for financing its assets over the analyzed period. Further analysis and contextual information would be needed to fully assess the implications of these fluctuations on the company's financial position and strategy.
Peer comparison
Mar 31, 2024