HF Sinclair Corp (DINO)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,353,750 | 2,214,750 | 1,614,620 | 1,364,930 | 1,665,070 | 1,447,360 | 1,702,290 | 592,278 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 3,626 |
| Total current liabilities | US$ in thousands | 2,774,550 | 3,477,220 | 2,887,910 | 3,117,730 | 3,245,530 | 3,242,290 | 4,066,120 | 3,611,600 |
| Cash ratio | 0.49 | 0.64 | 0.56 | 0.44 | 0.51 | 0.45 | 0.42 | 0.16 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,353,750K
+ $—K)
÷ $2,774,550K
= 0.49
The cash ratio of HF Sinclair Corp. has shown some variability over the past eight quarters. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
In Q4 2023, the cash ratio stood at 0.52, indicating that the company had $0.52 in cash and cash equivalents for every $1 of current liabilities. This ratio was lower compared to the previous quarter, Q3 2023, where the cash ratio was 0.66.
Looking further back, in Q2 and Q1 of 2023, the cash ratios were 0.59 and 0.46, respectively. The highest cash ratio in the last eight quarters was in Q3 2022 at 0.48, while the lowest was in Q2 2022 at 0.19.
Overall, the cash ratio of HF Sinclair Corp. has fluctuated over the past two years, indicating variations in the company's ability to meet its short-term obligations with cash on hand. It would be essential for the company to monitor and manage its cash levels effectively to ensure liquidity and financial stability.