HF Sinclair Corp (DINO)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 800,000 | 1,229,480 | 866,274 | 1,240,860 | 1,353,750 | 2,214,750 | 1,614,620 | 1,364,930 | 1,665,070 | 1,447,360 | 1,702,290 | 592,278 | 234,444 | 1,481,560 | 1,398,280 | 1,193,430 | 1,368,320 | 1,524,890 | 902,509 | 909,126 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 3,626 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,313,000 | 2,962,840 | 2,759,430 | 2,917,940 | 2,774,550 | 3,477,220 | 2,887,910 | 3,117,730 | 3,245,530 | 3,242,290 | 4,066,120 | 3,611,600 | 2,065,460 | 2,044,210 | 2,012,770 | 1,757,310 | 1,375,160 | 1,236,850 | 1,333,040 | 1,308,880 |
| Cash ratio | 0.35 | 0.41 | 0.31 | 0.43 | 0.49 | 0.64 | 0.56 | 0.44 | 0.51 | 0.45 | 0.42 | 0.16 | 0.11 | 0.72 | 0.69 | 0.68 | 1.00 | 1.23 | 0.68 | 0.69 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($800,000K
+ $—K)
÷ $2,313,000K
= 0.35
The cash ratio of HF Sinclair Corp provides insight into the company's ability to cover its short-term liabilities with its cash and cash equivalents. From March 31, 2020, to December 31, 2024, the cash ratio fluctuated between 0.11 and 1.23. The highest point reached was 1.23 on September 30, 2020, indicating that the company had $1.23 in cash and cash equivalents for every $1 of its current liabilities at that time. This suggests a strong liquidity position.
However, the cash ratio experienced a significant decrease to 0.11 on December 31, 2021, which may raise concerns about the company's ability to cover its short-term obligations with its available cash. Subsequently, the ratio gradually improved, reaching 0.56 on June 30, 2023, before declining slightly to 0.35 on December 31, 2024.
Overall, the trend in HF Sinclair Corp's cash ratio indicates some fluctuations in its liquidity position over the period analyzed. It is essential for the company to maintain a healthy cash ratio to ensure it can meet its short-term obligations effectively.