HF Sinclair Corp (DINO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $9,278,000K
= 0.00
The debt-to-equity ratio for HF Sinclair Corp remained consistently at 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has used no debt financing in relation to its equity during these years. A debt-to-equity ratio of 0.00 signifies that the company's capital structure is entirely equity-funded, indicating a low risk of financial distress due to debt obligations. However, it's important to note that a zero debt-to-equity ratio may also imply limited leverage and potential missed opportunities for leveraging debt for growth or tax benefits. Further analysis of the company's overall financial health and strategic decisions would be needed to fully assess the implications of this consistent ratio.