HF Sinclair Corp (DINO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 16,643,000 | 16,887,700 | 17,381,800 | 17,916,000 | 17,716,300 | 18,901,800 | 18,197,000 | 18,006,000 | 18,125,500 | 18,226,300 | 19,177,900 | 17,733,100 | 12,916,600 | 12,897,200 | 12,560,000 | 11,934,800 | 11,506,900 | 11,579,700 | 11,063,800 | 11,221,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
HF Sinclair Corp has consistently maintained a debt-to-assets ratio of 0.00 over the past several years, indicating that the company has not relied on debt to finance its operations or investments. This low ratio suggests that the company's assets are primarily funded by equity, which may indicate strong financial stability and a lower risk of financial distress. However, it is important to note that while a low debt-to-assets ratio can signal financial strength, it may also imply missed opportunities for potential leveraging for growth or investment opportunities. Overall, HF Sinclair Corp's consistent 0.00 debt-to-assets ratio reflects a cautious and conservative approach to capital structure management.