Marathon Digital Holdings Inc (MARA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,129,030 | 1,615,920 | 385,941 | 682,100 | 311,745 |
| Debt-to-capital ratio | 0.35 | 0.17 | 0.67 | 0.52 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,246,580K ÷ ($2,246,580K + $4,129,030K)
= 0.35
The debt-to-capital ratio for Marathon Digital Holdings Inc has shown fluctuating trends over the years based on the provided data. In December 2020, the ratio was at 0.00, indicating no debt in the capital structure. This changed significantly by December 2022, reaching 0.67, suggesting that 67% of the company's capital was funded by debt.
However, in the following years, the ratio decreased to 0.17 by December 2023, but then increased again to 0.35 by December 2024. These fluctuations may indicate changes in the company's capital structure, debt levels, or overall financial strategy over the period.
It is essential for investors and stakeholders to monitor these trends closely, as a higher debt-to-capital ratio could indicate increased financial risk and leverage, while a lower ratio may signal a more conservative approach to financing operations and growth. Further analysis and consideration of other financial metrics are recommended to gain a comprehensive understanding of Marathon Digital Holdings Inc's financial health and stability.
Peer comparison
Dec 31, 2024