Marathon Digital Holdings Inc (MARA)
Debt-to-equity 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-equity ratio | 0.54 | 0.20 | 2.03 | 1.07 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,246,580K ÷ $4,129,030K
= 0.54
The debt-to-equity ratio for Marathon Digital Holdings Inc has shown significant fluctuations over the years. From December 31, 2020 to December 31, 2022, the ratio increased from 0.00 to 2.03, indicating a substantial rise in the company's debt relative to its equity during this period. However, by December 31, 2024, the ratio decreased to 0.54, suggesting a reduction in the company's reliance on debt financing compared to equity. Overall, the trend in the debt-to-equity ratio reflects fluctuations in the company's capital structure and financial leverage over the years.
Peer comparison
Dec 31, 2024