Marathon Digital Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Marathon Digital Holdings has a total shareholder equity of $1.6B and total debt of $325.7M, which brings its debt-to-equity ratio to 20.2%. Its total assets and total liabilities are $2.0B and $375.1M respectively. Marathon Digital Holdings's EBIT is $220.9M making its interest coverage ratio 21.3. It has cash and short-term investments of $357.3M.
Key information
20.2%
Debt to equity ratio
US$325.65m
Debt
Interest coverage ratio | 21.3x |
Cash | US$357.31m |
Equity | US$1.62b |
Total liabilities | US$375.05m |
Total assets | US$1.99b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MARA *'s short term assets ($1.0B) exceed its short term liabilities ($33.8M).
Long Term Liabilities: MARA *'s short term assets ($1.0B) exceed its long term liabilities ($341.3M).
Debt to Equity History and Analysis
Debt Level: MARA * has more cash than its total debt.
Reducing Debt: MARA *'s debt to equity ratio has reduced from 34.2% to 20.2% over the past 5 years.
Debt Coverage: MARA *'s operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MARA *'s interest payments on its debt are well covered by EBIT (21.3x coverage).