HF Sinclair Corp (DINO)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,643,000 | 17,716,300 | 18,125,500 | 12,916,600 | 11,506,900 |
| Total stockholders’ equity | US$ in thousands | 9,278,000 | 10,169,100 | 9,243,820 | 5,687,880 | 5,168,360 |
| Financial leverage ratio | 1.79 | 1.74 | 1.96 | 2.27 | 2.23 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,643,000K ÷ $9,278,000K
= 1.79
HF Sinclair Corp's financial leverage ratio has shown a fluctuating trend over the years, starting at 2.23 in December 2020 and peaking at 2.27 in December 2021. Subsequently, the ratio decreased to 1.96 in December 2022, followed by a further decrease to 1.74 in December 2023. By December 2024, the financial leverage ratio slightly increased to 1.79. This trend indicates that the company has been managing its debt levels effectively, with a decreasing ratio suggesting a potential reduction in financial risk and a healthier balance sheet. However, it is important to continue monitoring this ratio to ensure the company maintains optimal leverage levels for sustainable growth and profitability.