HF Sinclair Corp (DINO)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	10,169,100	9,824,680	9,708,950	9,270,660	9,243,820	9,015,280	9,109,710	8,116,230
Debt-to-equity ratio		0.27	0.29	0.30	0.32	0.32	0.37	0.37	0.42

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,739,080K ÷ $10,169,100K
= 0.27

The debt-to-equity ratio of HF Sinclair Corp. has shown variations over the past eight quarters, ranging from 0.27 to 0.42. Generally, a decreasing trend is observed from Q1 2022 to Q4 2023, indicating a potential improvement in the company's financial position in terms of leverage. A lower debt-to-equity ratio suggests that the company relies less on debt financing and has a stronger equity base to support its operations. This trend may indicate more conservative financial management or a decrease in the company's overall debt levels, which could enhance its long-term financial stability and creditworthiness. However, it is essential to continue monitoring this ratio to assess the company's ongoing financial health and leverage position.