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
We Think Marathon Digital Holdings (NASDAQ:MARA) Has A Fair Chunk Of Debt
Jan 16
Is Marathon Digital Holdings (NASDAQ:MARA) Using Too Much Debt?
Sep 22Here's Why Marathon Digital Holdings (NASDAQ:MARA) Can Afford Some Debt
May 22Recent updates
Marathon Digital Holdings, Inc.'s (NASDAQ:MARA) Share Price Is Still Matching Investor Opinion Despite 27% Slump
Apr 03Marathon Digital Is No Longer A Bitcoin Proxy
Mar 08Marathon Digital: Earn A 21% Annualized Yield Betting On This Leading Bitcoin Miner
Feb 12Marathon Digital Holdings, Inc.'s (NASDAQ:MARA) Share Price Is Still Matching Investor Opinion Despite 31% Slump
Feb 06We Think Marathon Digital Holdings (NASDAQ:MARA) Has A Fair Chunk Of Debt
Jan 16Marathon Digital: Poised To Ride The Bullish Bitcoin Wave In 2024
Jan 11Are Investors Undervaluing Marathon Digital Holdings, Inc. (NASDAQ:MARA) By 48%?
Dec 12Is Marathon Digital Holdings (NASDAQ:MARA) Using Too Much Debt?
Sep 22A Look At The Intrinsic Value Of Marathon Digital Holdings, Inc. (NASDAQ:MARA)
Jul 10Here's Why Marathon Digital Holdings (NASDAQ:MARA) Can Afford Some Debt
May 22Marathon Digital Holdings, Inc.'s (NASDAQ:MARA) P/S Is Still On The Mark Following 47% Share Price Bounce
Apr 17Is Marathon Digital Holdings, Inc. (NASDAQ:MARA) Expensive For A Reason? A Look At Its Intrinsic Value
Mar 06Marathon Digital reaches $24M settlement with ex-CEO Merrick Okamoto
Oct 17Marathon Digital: Bitcoin Miner Investors Should Look Elsewhere
Sep 29Why Marathon Digital Holdings Remains Compelling
Sep 13Bitcoin mining stocks start off September on a down note
Sep 01Marathon Digital: Buy This Bitcoin Mining Stock During Crypto Crash
Aug 23Is Riot Blockchain's Strategy Beating Marathon Digital's?
Aug 12Analysts Have Lowered Expectations For Marathon Digital Holdings, Inc. (NASDAQ:MARA) After Its Latest Results
Aug 12Marathon Digital expands credit facilities with Silvergate to boost funding options
Aug 01Marathon Digital Holdings, Inc. (NASDAQ:MARA) Analysts Are More Bearish Than They Used To Be
Aug 01Marathon Digital: Short Squeeze In Progress
Jul 20These Analysts Think Marathon Digital Holdings, Inc.'s (NASDAQ:MARA) Sales Are Under Threat
Jul 07Marathon Digital: Massive Hashrate In A Bitcoin Bear Market
Jun 22Great Caution Against Marathon Digital
Jun 15Buy Low Bitcoin Play: Marathon Digital's Waning Production Set For Major Reversal
May 11Marathon Digital Poised For Big Surge Once Bitcoin Bottoms Out
May 05Marathon Digital: Buy The Dip Before The Next Bitcoin Halving
Apr 19Is Marathon Digital A Good Stock To Buy For Exposure To Crypto?
Apr 01Marathon Digital Looks Poised For A Reversal Rally
Mar 14Why Marathon Digital Deserves Serious Consideration
Mar 08The Crypto Rally: Marathon Digital Is The Best Bitcoin Mining Stock To Buy
Feb 11Financial 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).