Marathon Digital Holdings (Marathon Digital Holdings) Cash-to-Debt : 1.10 (As of Dec. 2023)

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What is Marathon Digital Holdings Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Marathon Digital Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.10.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Marathon Digital Holdings could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Marathon Digital Holdings's Cash-to-Debt or its related term are showing as below:

MARA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.47 Max: 763.91
Current: 1.1

During the past 13 years, Marathon Digital Holdings's highest Cash to Debt Ratio was 763.91. The lowest was 0.11. And the median was 0.47.

MARA's Cash-to-Debt is ranked worse than
61.27% of 790 companies
in the Capital Markets industry
Industry Median: 1.88 vs MARA: 1.10

Marathon Digital Holdings Cash-to-Debt Historical Data

The historical data trend for Marathon Digital Holdings's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Marathon Digital Holdings Cash-to-Debt Chart

Marathon Digital Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.57

763.91

0.37

0.13

1.10

Marathon Digital Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.17	0.16	0.31	1.10

Competitive Comparison of Marathon Digital Holdings's Cash-to-Debt

For the Capital Markets subindustry, Marathon Digital Holdings's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Marathon Digital Holdings's Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Marathon Digital Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Marathon Digital Holdings's Cash-to-Debt falls into.

Marathon Digital Holdings Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Marathon Digital Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	357.313	/	(0.124	+	326.008)
	=	1.10

Marathon Digital Holdings's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	357.313	/	(0.124	+	326.008)
	=	1.10

Marathon Digital Holdings (NAS:MARA) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Marathon Digital Holdings Cash-to-Debt Related Terms

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Marathon Digital Holdings (Marathon Digital Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Marathon Digital Holdings Inc (NAS:MARA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MARA:Mexico M44A:Germany M44:Germany

Address

101 NE Third Avenue, Suite 1200, Fort Lauderdale, FL, USA, 33301

Website

http://www.mara.com

Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The Company currently operates in the Digital Currency Blockchain segment. The Company's Crypto-currency Machines are located in the United States.

Executives

Ashu Swami	officer: Chief Technical Officer	MARATHON DIGITAL,, 101 NE 3RD AVE, STE 1200, FORT LAUDERDALE FL 33301
Said Ouissal	director	VIOLIN MEMORY, INC., 4555 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Salman Hassan Khan	officer: CFO	25651 BIRCHLEAF CT, VALENCIA CA 91381
Douglas K Mellinger	director	PRT GROUP INC, 342 MADISON AVE 11TH FL, NEW YORK NY 10173
Frederick G Thiel	director	7555 IRVINE CENTER DRIVE, IRVINE CA 92618
Kevin A Denuccio	director	300 HOLGER WAY, SAN JOSE CA 95134
Merrick D Okamoto	director	1180 NORTH TOWN CENTER DRIVE, SUITE 100,, LAS VEGAS NV 89144
Jay P Leupp	director	16435 N. SCOTTSDALE ROAD, SUITE 320, SCOTTSDALE AZ 85254
Georges Antoun	director	C/O FIRST SOLAR, INC., 350 WEST WASHINGTON ST., SUITE 600, TEMPE AZ 85281
Sarita M. James	director	200 CHAMBERS ST, 22D, NEW YORK NY 10007
Simeon Salzman	officer: CHIEF FINANCIAL OFFICER	1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Peter Benz	director	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Michael Carroll Berg	director	1881 CARIGNAN WAY, YOUNTVILLE CA 94599
James Crawford	officer: CHIEF OPERATING OFFICER	4215 324TH AVE. SE, FALL CITY WA 98024
Michael Rudolph	director	1325 HOWARD AVE, PMB 422, BURLINGAME CA 94010