HF Sinclair Corp (DINO)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
HF Sinclair Corp's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been at 0.00 across all reported periods, indicating that the company has no significant debt obligations compared to its resources.
The Financial leverage ratio, which measures the proportion of debt in the company's capital structure, has shown a declining trend from 2.01 in March 2020 to 1.78 in December 2024. This decrease suggests that the company has been reducing its reliance on debt over time, improving its financial leverage and potentially reducing financial risk.
Overall, HF Sinclair Corp's solvency ratios reflect a conservative and stable financial position with minimal debt levels and a decreasing trend in financial leverage, which indicates a sound ability to meet its financial obligations and sustainably grow its business.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.98 | 2.80 | 9.01 | 11.68 | 11.87 | 15.88 | 17.54 | 23.50 | 23.54 | 21.79 | 16.91 | 7.31 | 6.30 | 5.16 | 2.66 | -0.89 | -5.58 | -3.83 | -0.09 | 4.87 |
HF Sinclair Corp's interest coverage has shown significant fluctuations over the past few years. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income.
From March 31, 2020, to June 30, 2020, the interest coverage ratio dropped drastically from 4.87 to -0.09, indicating a negative impact on the company's ability to cover its interest payments with its operating income. This negative trend continued until December 31, 2021, with the ratio remaining below 0, reflecting financial distress.
However, the company's interest coverage improved from March 31, 2022, onwards, with the ratio gradually increasing to 11.68 by March 31, 2024. This improvement suggests that HF Sinclair Corp's operating income has become more sufficient to cover its interest expenses, indicating a positive financial outlook.
Overall, the company has experienced both financial challenges and recovery in terms of its interest coverage over the analyzed period. It is essential for investors and stakeholders to continue monitoring this ratio to assess the company's ability to meet its debt obligations in the future.