CVR Energy Inc (CVI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 703,000 | 847,000 | 531,000 | 553,000 | 1,019,000 |
| Debt-to-equity ratio | 2.13 | 2.48 | 2.64 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,500,000K ÷ $703,000K
= 2.13
The debt-to-equity ratio of CVR Energy Inc has shown significant changes over the past few years. As of December 31, 2020, and December 31, 2021, the company had a debt-to-equity ratio of 0.00, indicating that the company had no debt relative to its equity during those periods.
However, the ratio increased to 2.64 as of December 31, 2022, suggesting that the company's level of debt relative to equity had substantially risen. This increase could indicate a higher reliance on debt financing to support its operations or growth initiatives.
As of December 31, 2023, the debt-to-equity ratio slightly decreased to 2.48, which may imply some efforts to manage or reduce debt levels compared to the previous year.
By December 31, 2024, the ratio further decreased to 2.13, indicating a continued trend of reducing the company's debt relative to its equity, which could signal improved financial health and stability.
Overall, the fluctuation in CVR Energy Inc's debt-to-equity ratio over the years reflects changes in the company's capital structure and its approach to managing debt levels. Investors and stakeholders may monitor these ratios to assess the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2024