CVR Energy Inc (CVI)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,263,000 | 4,707,000 | 4,119,000 | 3,906,000 | 3,978,000 |
| Total stockholders’ equity | US$ in thousands | 703,000 | 847,000 | 531,000 | 553,000 | 1,019,000 |
| Financial leverage ratio | 6.06 | 5.56 | 7.76 | 7.06 | 3.90 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,263,000K ÷ $703,000K
= 6.06
The financial leverage ratio of CVR Energy Inc has shown fluctuations over the years. As of December 31, 2020, the ratio was 3.90, indicating that the company had a moderate level of financial leverage. However, by December 31, 2022, the ratio had increased significantly to 7.76, reflecting a higher reliance on debt to finance its operations.
Subsequently, there was a slight decrease in the financial leverage ratio to 5.56 by December 31, 2023, suggesting a partial reduction in the company's debt levels. However, the ratio increased again to 6.06 by December 31, 2024, indicating that CVR Energy Inc continued to maintain a relatively high level of financial leverage.
Overall, the fluctuating trend in the financial leverage ratio of CVR Energy Inc highlights the company's varying degree of reliance on debt financing over the years, which may impact its financial stability and risk profile.
Peer comparison
Dec 31, 2024