Marathon Digital Holdings Inc (MARA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,476,890 | 1,615,920 | 1,019,950 | 594,496 | 545,869 | 385,941 | 625,102 | 659,448 | 776,394 | 682,100 | 660,416 | 580,519 | 683,723 | 311,745 | 36,287 | 9,658 | 3,170 | 3,648 | 3,489 | 1,723 |
| Debt-to-capital ratio | 0.12 | 0.17 | 0.24 | 0.55 | 0.57 | 0.67 | 0.56 | 0.53 | 0.48 | 0.52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.24 | 0.21 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $326,083K ÷ ($326,083K + $2,476,890K)
= 0.12
The debt-to-capital ratio of Marathon Digital Holdings Inc has exhibited fluctuations over the past several quarters. As of March 31, 2024, the company's debt-to-capital ratio stood at 0.12, reflecting a relatively low level of debt relative to its capital structure. This indicates that the company is relying more on equity financing rather than debt to fund its operations and growth initiatives.
Looking back at historical data, the debt-to-capital ratio has varied significantly, reaching a high of 0.67 in the fourth quarter of 2022 and a low of 0.00 in several quarters. The fluctuation in the ratio suggests changes in the company's capital structure and financing decisions over time.
Analyzing trends in the debt-to-capital ratio can provide insights into the company's financial leverage and risk exposure. A decreasing ratio may indicate a reduction in debt levels or increased equity financing, which can enhance financial stability and resilience. Conversely, an increasing ratio could suggest a higher reliance on debt, potentially leading to increased financial risk.
Overall, monitoring the debt-to-capital ratio of Marathon Digital Holdings Inc over time can help investors and stakeholders assess the company's financial health, capital structure decisions, and risk management strategies.
Peer comparison
Mar 31, 2024