CVR Energy Inc (CVI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,500,000 | 2,100,000 | 1,400,000 | — | — |
| Total assets | US$ in thousands | 4,263,000 | 4,707,000 | 4,119,000 | 3,906,000 | 3,978,000 |
| Debt-to-assets ratio | 0.35 | 0.45 | 0.34 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,500,000K ÷ $4,263,000K
= 0.35
The debt-to-assets ratio for CVR Energy Inc has shown a steady increase over the years, starting from 0.00 in December 31, 2020, and gradually rising to 0.45 by December 31, 2023, before slightly decreasing to 0.35 by December 31, 2024.
The ratio indicates that a significant portion of the company's assets is funded by debt, with the trend showing a higher reliance on debt financing over the years. This may imply that CVR Energy Inc may be taking on more debt to finance its operations or investments, which could potentially increase financial risk and impact the company's creditworthiness.
It is important for investors and stakeholders to monitor this trend closely, as a high debt-to-assets ratio could signal potential financial instability or challenges in meeting debt obligations in the future. Further analysis of the company's overall financial health and debt management strategies would be crucial in assessing the implications of the increasing debt-to-assets ratio.
Peer comparison
Dec 31, 2024