CVR Energy Inc (CVI)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 703,000 | 675,000 | 879,000 | 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 |
| Debt-to-equity ratio | 2.13 | 2.22 | 1.71 | 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 |
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 been consistently at a relatively low level of 0.00 from December 2019 to June 2022, indicating that the company did not have any debt during this period or had very minimal debt compared to its equity. However, there was a notable change at the end of December 2022, with the ratio jumping up to 2.64, suggesting a significant increase in debt relative to equity.
Subsequently, there was a decrease in the ratio to 2.48 by the end of December 2023, followed by a further decline to 1.71 at the end of March 2024. This decrease in the ratio could indicate a reduction in debt or an increase in equity during this period. However, by the end of September 2024, the ratio had slightly increased to 2.22, and then decreased to 2.13 by the end of December 2024.
Overall, the analysis shows a fluctuating trend in the debt-to-equity ratio of CVR Energy Inc, with periods of low or no debt followed by instances of higher debt levels relative to equity. It is essential for investors and stakeholders to closely monitor these fluctuations to assess the company's financial leverage and risk exposure.
Peer comparison
Dec 31, 2024