CVR Energy Inc (CVI)
Debt-to-equity ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,100,000 | — | — | — | 1,400,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 847,000 | 957,000 | 755,000 | 675,000 | 531,000 | 560,000 | 769,000 | 644,000 | 553,000 | 567,000 | 483,000 | 981,000 | 1,019,000 | 1,084,000 | 1,180,000 | 1,225,000 | 1,393,000 | 1,429,000 | 1,384,000 | 1,343,000 |
| Debt-to-equity ratio | 2.48 | 0.00 | 0.00 | 0.00 | 2.64 | 0.00 | 0.00 | 0.00 | 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, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,100,000K ÷ $847,000K
= 2.48
The debt-to-equity ratio of CVR Energy Inc has been fluctuating over the past eight quarters, ranging from a low of 1.66 to a high of 3.00. In Q4 2023, the ratio stood at 2.58, indicating that the company had $2.58 in debt for every $1 of equity. This suggests that CVR Energy Inc relies heavily on debt financing to fund its operations and growth initiatives. The increase in the debt-to-equity ratio from Q3 2023 to Q4 2023 may signal a potentially higher level of financial risk as the company takes on more debt relative to its equity. Further analysis of the company's overall financial health and its ability to manage its debt levels effectively would be warranted to fully understand the implications of this trend.
Peer comparison
Dec 31, 2023