HF Sinclair Corp (DINO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 800,000 | 1,353,750 | 1,665,070 | 234,444 | 1,368,320 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,043,000 | 2,774,550 | 3,245,530 | 2,065,460 | 1,375,160 |
| Quick ratio | 0.26 | 0.49 | 0.51 | 0.11 | 1.00 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($800,000K
+ $—K
+ $—K)
÷ $3,043,000K
= 0.26
The quick ratio of HF Sinclair Corp has shown significant fluctuations over the years. It was at a healthy level of 1.00 as of December 31, 2020, indicating that the company had enough liquid assets to cover its current liabilities. However, there was a sharp decline to 0.11 by December 31, 2021, raising concerns about the company's short-term liquidity position.
Subsequently, the quick ratio improved to 0.51 by December 31, 2022, suggesting some recovery in the company's ability to meet its short-term obligations. The ratio then slightly decreased to 0.49 by December 31, 2023, before experiencing another decline to 0.26 by December 31, 2024.
Overall, the trend in the quick ratio of HF Sinclair Corp indicates fluctuations in its short-term liquidity position. It is recommended that the company closely monitors and manages its liquidity levels to ensure it can meet its short-term financial obligations effectively in the future.