CVR Energy Inc (CVI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 3,962,000 | 3,830,000 | 3,874,000 |
| 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 |
| Financial leverage ratio | 5.56 | 4.62 | 5.59 | 6.23 | 7.76 | 7.51 | 6.07 | 6.75 | 7.06 | 6.83 | 7.86 | 4.27 | 3.90 | 3.58 | 3.33 | 3.37 | 2.80 | 2.77 | 2.77 | 2.88 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,707,000K ÷ $847,000K
= 5.56
The financial leverage ratio of CVR Energy Inc has shown fluctuation over the past eight quarters. The ratio ranged from a low of 4.62 in Q3 2023 to a high of 7.76 in Q4 2022. This signifies variations in the company's reliance on debt financing to fund its operations and investments during the respective periods.
The upward trend in the financial leverage ratio from Q1 2023 to Q4 2022 indicates an increasing level of debt relative to equity in the company's capital structure. This could suggest a higher financial risk and potential vulnerability to economic downturns or interest rate fluctuations.
Conversely, the decline in the ratio from Q1 2023 to Q3 2023 may indicate a reduced dependency on debt financing or an improvement in the company's financial position. A lower financial leverage ratio typically implies a stronger equity base and greater financial stability.
Overall, it is essential for stakeholders to closely monitor CVR Energy Inc's financial leverage ratio trends to assess the company's debt levels and evaluate its risk exposure in the changing market conditions.
Peer comparison
Dec 31, 2023