Marathon Digital Holdings Inc (MARA)
Financial leverage ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 6,620 | 7,680 | 4,143 |
| Total stockholders’ equity | US$ in thousands | 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 | 3,648 | 3,489 | 1,723 |
| Financial leverage ratio | 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 | 1.81 | 2.20 | 2.40 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,956,990K ÷ $2,476,890K
= 1.19
The financial leverage ratio of Marathon Digital Holdings Inc has shown fluctuations over the past few periods. The ratio has ranged from a low of 1.00 to a high of 3.10, indicating changes in the level of financial leverage employed by the company.
In more recent periods, the financial leverage ratio has been decreasing, moving from 2.39 in March 2023 to 1.19 in March 2024. This suggests that the company may be reducing its reliance on debt financing relative to its equity, which can be seen as a positive sign for investors concerned about the company's risk profile.
However, it is important to note that the financial leverage ratio can be influenced by various factors such as changes in the capital structure, borrowing decisions, profitability, and overall financial health of the company. Therefore, while a decreasing trend in the ratio is generally positive, it is essential to consider the context and reasons behind the changes to make a more informed assessment of Marathon Digital Holdings Inc's financial leverage position.
Peer comparison
Mar 31, 2024