HF Sinclair Corp (DINO)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 800,000 | 1,353,750 | 1,665,070 | 234,444 | 1,368,320 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,043,000 | 2,774,550 | 3,245,530 | 2,065,460 | 1,375,160 |
| Cash ratio | 0.26 | 0.49 | 0.51 | 0.11 | 1.00 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($800,000K
+ $—K)
÷ $3,043,000K
= 0.26
The cash ratio for HF Sinclair Corp has fluctuated over the past five years, indicating varying levels of liquidity. In December 2020, the company had a cash ratio of 1.00, suggesting that it held sufficient cash to cover its current liabilities. However, by December 2021, the ratio dropped significantly to 0.11, indicating a decrease in the company's ability to cover its short-term obligations with cash on hand.
Over the following years, the cash ratio improved, reaching 0.51 by December 2022 and 0.49 by December 2023. These increases suggest an enhancement in the company's liquidity position, although the ratio remained below 1, indicating that the company still may not have enough cash to cover all its current liabilities.
By December 2024, the cash ratio decreased to 0.26, signaling a potential decline in the company's liquidity compared to the previous years. Overall, while there have been fluctuations in HF Sinclair Corp's cash ratio, the trend indicates the company's ongoing efforts to manage its liquidity position, albeit with some variability in its ability to cover short-term obligations with available cash.