CVR Energy Inc (CVI)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.45 | 0.00 | 0.00 | 0.00 | 0.34 | 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 |
| Debt-to-capital ratio | 0.71 | 0.00 | 0.00 | 0.00 | 0.73 | 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 |
| 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 |
| 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 |
The solvency ratios of CVR Energy Inc indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has shown fluctuations over the past eight quarters, ranging from 0.34 to 0.46. This ratio measures the proportion of total assets financed by debt, with a higher ratio indicating higher reliance on debt financing.
The debt-to-capital ratio has also varied, ranging from 0.62 to 0.75. This ratio reflects the percentage of a company's capital structure that is financed by debt, with a higher ratio suggesting a greater risk associated with debt obligations.
The debt-to-equity ratio has displayed significant variability, fluctuating between 1.66 and 3.00. This ratio indicates the proportion of total liabilities to shareholders' equity, with a higher ratio indicating higher financial risk and leverage.
Lastly, the financial leverage ratio has shown fluctuations between 4.62 and 7.76. This ratio measures the degree to which the company is using debt to finance its operations, with a higher ratio indicating a higher level of financial risk and leverage.
Overall, the solvency ratios of CVR Energy Inc suggest that the company has been managing its debt levels cautiously but with some fluctuations in its leverage over the past eight quarters. It is crucial for investors and stakeholders to monitor these ratios to assess the company's overall financial health and ability to meet its long-term obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 93.50 | 309.00 | 223.50 | 268.00 | 240.50 | 191.50 | 209.50 | 88.40 | 17.40 | -13.50 | -50.33 | -55.67 | -55.67 | -27.60 | 11.17 | 57.00 | 96.67 | 21.90 | 12.08 | 7.04 |
The interest coverage ratio is a measure of a company's ability to meet its interest payments on outstanding debt. It is calculated by dividing operating income by interest expenses. A higher interest coverage ratio indicates that the company can easily cover its interest payments with its operating earnings.
Based on the provided data for CVR Energy Inc, the interest coverage ratio has shown a positive trend over the past eight quarters. In Q4 2023, the interest coverage ratio reached 21.63, displaying a strong ability to cover interest expenses. This represents an improvement from the ratios in the preceding quarters, indicating a consistent growth in the company's operating income relative to its interest obligations.
The increasing trend in the interest coverage ratio demonstrates that CVR Energy Inc has been effectively managing its debt and operating income levels. It suggests that the company's financial position has been strengthening, providing confidence in its ability to comfortably meet its interest payments. The substantial improvement in the ratio from Q1 2022 to Q4 2023 reflects a positive trajectory in the company's financial performance and stability.