Marathon Digital Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Marathon Digital Holdings has a total shareholder equity of $2.6B and total debt of $326.5M, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are $3.1B and $474.5M respectively. Marathon Digital Holdings's EBIT is $68.7M making its interest coverage ratio -25.3. It has cash and short-term investments of $256.0M.
Key information
12.4%
Debt to equity ratio
US$326.51m
Debt
| Interest coverage ratio | -25.3x |
| Cash | US$256.03m |
| Equity | US$2.64b |
| Total liabilities | US$474.50m |
| Total assets | US$3.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M44A's short term assets ($371.9M) exceed its short term liabilities ($99.2M).
Long Term Liabilities: M44A's short term assets ($371.9M) do not cover its long term liabilities ($375.3M).
Debt to Equity History and Analysis
Debt Level: M44A's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: M44A's debt to equity ratio has reduced from 58% to 12.4% over the past 5 years.
Debt Coverage: M44A's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: M44A earns more interest than it pays, so coverage of interest payments is not a concern.