Marathon Digital Holdings Inc (MARA)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,801,320 | 3,580,150 | 3,117,160 | 2,956,990 | 1,990,970 | 1,383,780 | 1,373,240 | 1,303,930 | 1,195,240 | 1,475,780 | 1,509,580 | 1,541,470 | 1,444,330 | 664,341 | 583,864 | 686,686 | 313,251 | 37,529 | 10,717 | 5,668 |
| 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 |
| Financial leverage ratio | 1.65 | 1.25 | 1.18 | 1.19 | 1.23 | 1.36 | 2.31 | 2.39 | 3.10 | 2.36 | 2.29 | 1.99 | 2.12 | 1.01 | 1.01 | 1.00 | 1.00 | 1.03 | 1.11 | 1.79 |
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 some fluctuations over the years, indicating changes in the company's capital structure and debt levels.
From March 31, 2020, to September 30, 2021, the financial leverage ratio remained relatively stable, ranging from 1.79 to 1.01. This suggests that the company had a moderate level of debt relative to its equity during this period.
However, from December 31, 2021, to March 31, 2024, there was a noticeable increase in the financial leverage ratio, reaching a peak of 3.10 on December 31, 2022. This substantial increase could indicate that the company took on more debt, potentially to finance expansion or other strategic initiatives.
Subsequently, the financial leverage ratio decreased gradually from March 31, 2024, to December 31, 2024, indicating a potential deleveraging or a shift towards a more conservative capital structure.
Overall, the fluctuations in Marathon Digital Holdings Inc's financial leverage ratio suggest changes in the company's debt levels and capital structure, which could impact its financial stability and risk profile. Investors and stakeholders may need to monitor these ratios closely to assess the company's ability to meet its financial obligations and manage its debt effectively.
Peer comparison
Dec 31, 2024