HF Sinclair Corp (DINO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,146,450 | 7,402,390 | 6,692,820 | 6,558,530 | 6,748,320 | 6,827,470 | 7,702,740 | 6,239,300 |
| 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 |
| Current ratio | 2.22 | 2.13 | 2.32 | 2.10 | 2.08 | 2.11 | 1.89 | 1.73 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,146,450K ÷ $2,774,550K
= 2.22
The current ratio of HF Sinclair Corp. has shown fluctuations over the past eight quarters. The current ratio ranged from a low of 1.73 in Q1 2022 to a high of 2.32 in Q2 2023. This ratio indicates the company's ability to cover its short-term liabilities with its current assets.
Overall, the current ratio has generally been above 2, reflecting that the company has had relatively more current assets than current liabilities during these periods. A current ratio above 2 suggests that HF Sinclair Corp. has strong liquidity and is well-equipped to meet its short-term financial obligations.
However, the slight fluctuations in the current ratio over time may indicate changes in the company's liquidity position and its ability to manage its short-term obligations. It is important for investors and stakeholders to monitor these fluctuations to assess the company's ongoing financial health and stability.