HF Sinclair Corp (DINO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 16,643,000 | 17,716,300 | 18,125,500 | 12,916,600 | 11,506,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,643,000K
= 0.00
The debt-to-assets ratio of HF Sinclair Corp has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company's assets are primarily financed through equity rather than debt, reflecting a lower level of financial risk. Investors and creditors may view this as a positive indicator of financial stability and strength, as the company has not taken on debt to support its operations or growth. However, it is essential to consider the context of the industry and the company's specific circumstances when interpreting this ratio.