Marathon Digital Holdings (FRA:M44) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Marathon Digital Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Marathon Digital Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Marathon Digital Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.56) to Mar. 2024 (0.12). It may suggest that Marathon Digital Holdings is progressively becoming less dependent on debt to grow their business.

Marathon Digital Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Marathon Digital Holdings's LT-Debt-to-Total-Asset 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.

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Marathon Digital Holdings LT-Debt-to-Total-Asset Chart

Marathon Digital Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.50

0.66

0.16

Marathon Digital Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.56	0.54	0.24	0.16	0.12

Marathon Digital Holdings LT-Debt-to-Total-Asset Calculation

Marathon Digital Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	298.949	/	1825.722
	=	0.16

Marathon Digital Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	312.012	/	2720.428
	=	0.11

Marathon Digital Holdings (FRA:M44) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Marathon Digital Holdings LT-Debt-to-Total-Asset Related Terms

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Marathon Digital Holdings (FRA:M44) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Marathon Digital Holdings Inc (FRA:M44) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

MARA:USA MARA:Mexico

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.

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