Marathon Digital Holdings Inc (MARA)
Debt-to-equity 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-equity ratio | 0.54 | 0.22 | 0.12 | 0.13 | 0.20 | 0.32 | 1.24 | 1.34 | 2.03 | 1.25 | 1.11 | 0.94 | 1.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.32 |
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 of Marathon Digital Holdings Inc has shown fluctuations over the past five years, ranging from a low of 0.00 to a high of 2.03. The ratio indicated a relatively low level of debt compared to equity in the years 2020 and 2021, with values at or close to zero. However, a notable increase in the debt-to-equity ratio occurred from December 31, 2021, to December 31, 2022, reaching 2.03, suggesting a significant increase in debt relative to equity during this period.
Subsequently, the ratio decreased but remained above 1 in the following quarters, highlighting ongoing leverage in the company's capital structure. The most recent data available, as of December 31, 2024, show a debt-to-equity ratio of 0.54, indicating a moderate level of debt relative to equity at the end of the reporting period.
Overall, the trend in Marathon Digital Holdings Inc's debt-to-equity ratio demonstrates fluctuations and periods of increased leverage, which could indicate varying levels of financial risk and potential impact on the company's financial stability and performance.
Peer comparison
Dec 31, 2024