MAR Debt-to-Equity Ratio Analysis

The debt-to-equity ratio compares a company’s total liabilities to its shareholders’ equity; a negative value like -3.74x means liabilities exceed assets, leaving no positive equity buffer.

This sits far below the sector median of 0.73x, placing MAR in the 3rd percentile among peers, so nearly all competitors carry healthier capital structures. The trend is largely N/A: year-over-year change and the last eight quarters are unavailable, but quarter-over-quarter the ratio improved by +7.4%, moving from -4.04x to -3.74x. The combination of a deeply negative level with only a modest quarterly improvement still signals elevated financial risk, as the company remains reliant on debt and has no equity cushion. This metric directly contradicts any optimistic view and supports the overall CAUTIOUS verdict, since negative equity raises the chance of distress or dilution.

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