HF Sinclair Corp (DINO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,739,080 | 2,861,960 | 2,888,470 | 2,932,990 | 2,948,510 | 3,334,200 | 3,348,100 | 3,374,700 |
| Total assets | US$ in thousands | 17,716,300 | 18,901,800 | 18,197,000 | 18,006,000 | 18,125,500 | 18,226,300 | 19,177,900 | 17,733,100 |
| Debt-to-assets ratio | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 | 0.18 | 0.17 | 0.19 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,739,080K ÷ $17,716,300K
= 0.15
The debt-to-assets ratio for HF Sinclair Corp. has been relatively stable over the past eight quarters, ranging between 0.15 and 0.19. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio suggests a lower level of financial risk, as a smaller portion of assets is funded through debt, while a higher ratio may signal increased financial leverage and potential risk.
In this case, HF Sinclair Corp. has maintained a moderate level of debt relative to its total assets, with the ratio fluctuating slightly around the 0.17 to 0.18 range. This suggests that the company has been managing its debt levels prudently, neither overly relying on debt nor being overly conservative in its financing approach.
It would be important for analysts to continue monitoring the debt-to-assets ratio over time to assess any trends or deviations from historical levels that could signal changes in the company's financial risk profile. Additionally, comparing this ratio to industry benchmarks or peer companies could provide further insights into HF Sinclair Corp.'s capital structure and financial health.