Marathon Digital Holdings Inc (MARA)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,801,320 | 1,990,970 | 1,195,240 | 1,444,330 | 313,251 |
| Total stockholders’ equity | US$ in thousands | 4,129,030 | 1,615,920 | 385,941 | 682,100 | 311,745 |
| Financial leverage ratio | 1.65 | 1.23 | 3.10 | 2.12 | 1.00 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,801,320K ÷ $4,129,030K
= 1.65
The financial leverage ratio of Marathon Digital Holdings Inc has shown fluctuations over the years. It was at 1.00 on December 31, 2020, indicating an equal balance of debt and equity. The ratio increased to 2.12 by December 31, 2021, reflecting a higher reliance on debt financing. Subsequently, the ratio rose further to 3.10 by December 31, 2022, indicating a significant increase in debt relative to equity.
However, there was a notable decrease in the financial leverage ratio to 1.23 by December 31, 2023, suggesting a reduction in the company's debt levels or an increase in equity. By December 31, 2024, the ratio had slightly increased to 1.65, still lower than the levels seen in the previous year.
These fluctuations in the financial leverage ratio indicate changes in Marathon Digital Holdings Inc's capital structure and financial risk profile over the years. Investors and analysts may need to closely monitor these ratios to assess the company's leverage and ability to meet its financial obligations effectively.
Peer comparison
Dec 31, 2024