CVR Energy Inc (CVI)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,500,000 | 1,500,000 | 1,500,000 | 2,100,000 | — | — | — | 1,400,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 4,263,000 | 3,878,000 | 4,093,000 | 4,707,000 | 4,421,000 | 4,217,000 | 4,208,000 | 4,119,000 | 4,206,000 | 4,671,000 | 4,345,000 | 3,906,000 | 3,872,000 | 3,798,000 | 4,188,000 | 3,978,000 | 3,876,000 | 3,928,000 | 4,125,000 | 3,905,000 |
| Debt-to-assets ratio | 0.35 | 0.39 | 0.37 | 0.45 | 0.00 | 0.00 | 0.00 | 0.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of CVR Energy Inc has been consistently low, hovering around 0.00 for the majority of the past few years. This indicates that the company has not heavily relied on debt to finance its operations and investments, which is generally considered a positive sign of financial stability. However, as of December 31, 2022, the ratio increased to 0.34, signaling a slight increase in the proportion of debt relative to the company's total assets. Subsequently, the ratio fluctuated in the range of 0.35 to 0.45 as of December 31, 2024, but it remained relatively low overall. This suggests that CVR Energy Inc has maintained a conservative approach to debt management, balancing its financial structure without becoming overly leveraged.
Peer comparison
Dec 31, 2024