Marathon Digital Holdings Inc (MARA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,129,030 | 2,855,590 | 2,642,660 | 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 |
| Debt-to-capital ratio | 0.35 | 0.18 | 0.11 | 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 |
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 of Marathon Digital Holdings Inc has shown fluctuations over the past few years, based on the data provided. The ratio was relatively low in the earlier periods, declining to 0.00 as of December 31, 2021. However, there was a significant increase in the ratio to 0.52 by the end of December 31, 2021, indicating a higher level of debt relative to the company's capital.
Subsequently, the ratio continued to increase, reaching 0.67 by the end of December 31, 2022, which suggests a higher reliance on debt financing compared to equity. The ratio then slightly decreased to 0.57 by March 31, 2023, followed by a further decrease to 0.11 by June 30, 2024.
Overall, the trend in the debt-to-capital ratio of Marathon Digital Holdings Inc indicates fluctuations and variability in the company's capital structure and debt levels during the period under review. The management and stakeholders may need to closely monitor these changes to ensure the company's financial health and stability.
Peer comparison
Dec 31, 2024