HF Sinclair Corp (DINO)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,278,000 | 10,169,100 | 9,243,820 | 5,687,880 | 5,168,360 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $9,278,000K)
= 0.00
The debt-to-capital ratio for 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 debt financing to fund its operations or investments during this period. The ratio suggests that the company relies entirely on equity capital to finance its activities, which could imply a lower financial risk as there are no debt obligations to repay. However, it is essential to note that a very low debt-to-capital ratio may also imply limited leverage and potential missed opportunities for growth through strategic borrowing. Further analysis of the company's overall capital structure and financial strategy would provide a more comprehensive understanding of its financial health and sustainability.