HF Sinclair Corp (DINO)
Quick 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 | 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 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($800,000K
+ $—K
+ $—K)
÷ $2,313,000K
= 0.35
The quick ratio of HF Sinclair Corp has shown fluctuations over the past five years, ranging from a low of 0.11 on December 31, 2021, to a high of 1.23 on September 30, 2020. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In general, a quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities. On the other hand, a quick ratio below 1 may suggest liquidity issues and difficulty in meeting short-term obligations.
HF Sinclair Corp's quick ratio has generally been below 1, indicating a potential risk in the company's ability to meet its short-term obligations using its current liquid assets. The ratio has varied throughout the periods, showing a declining trend from the peak in September 2020. It briefly improved in September 2023 but then decreased again by the end of the reporting period on December 31, 2024.
It is important for investors and stakeholders to monitor the company's quick ratio regularly to assess its liquidity position and ability to withstand short-term financial challenges.