HF Sinclair Corp (DINO)

Financial leverage 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
Total assets	US$ in thousands	16,643,000	16,887,700	17,381,800	17,916,000	17,716,300	18,901,800	18,197,000	18,006,000	18,125,500	18,226,300	19,177,900	17,733,100	12,916,600	12,897,200	12,560,000	11,934,800	11,506,900	11,579,700	11,063,800	11,221,800
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
Financial leverage ratio		1.78	1.76	1.76	1.76	1.74	1.92	1.87	1.94	1.96	2.02	2.11	2.18	2.27	2.25	2.31	2.27	2.23	2.17	2.06	2.01

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,643,000K ÷ $9,346,000K
= 1.78

HF Sinclair Corp's financial leverage ratio has shown some fluctuations over the past few years. The ratio started at 2.01 on March 31, 2020, increased steadily to a peak of 2.31 on June 30, 2021, and then began decreasing gradually. As of December 31, 2024, the financial leverage ratio stands at 1.78.

This indicates that the company's reliance on debt financing relative to equity has decreased over the period analyzed. A lower financial leverage ratio suggests a lower level of financial risk, as the company is using less debt to finance its operations. It also indicates that the company may be in a stronger financial position to meet its debt obligations.

Overall, the downward trend in the financial leverage ratio for HF Sinclair Corp from 2020 to 2024 suggests a potentially improved financial stability and a more conservative approach to managing its capital structure.