HF Sinclair Corp (DINO)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 9,346,000 | 9,603,680 | 9,889,930 | 10,208,300 | 10,169,100 | 9,824,680 | 9,708,950 | 9,270,660 | 9,243,820 | 9,015,280 | 9,109,710 | 8,116,230 | 5,687,880 | 5,726,740 | 5,443,380 | 5,259,190 | 5,168,360 | 5,336,140 | 5,382,580 | 5,594,160 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $9,346,000K
= 0.00
HF Sinclair Corp has consistently maintained a debt-to-equity ratio of 0.00 across all reporting periods from March 31, 2020 to December 31, 2024. This indicates that the company has no debt in relation to its equity during these periods. A debt-to-equity ratio of 0.00 often suggests that the company is using exclusively its equity to finance its operations and growth, signifying a lower financial risk and a solid financial position. It is important to note that a low or zero debt-to-equity ratio may not always be optimal, as a moderate level of debt can be beneficial in leveraging investments and potentially increasing returns for shareholders.