Par Pacific Holdings Inc (PARR)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 279,107 | 490,925 | 112,221 | 68,309 | 126,015 |
| Short-term investments | US$ in thousands | — | — | — | 209,010 | — |
| Total current liabilities | US$ in thousands | 1,524,600 | 1,794,090 | 1,355,790 | 878,680 | 1,034,320 |
| Cash ratio | 0.18 | 0.27 | 0.08 | 0.32 | 0.12 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($279,107K
+ $—K)
÷ $1,524,600K
= 0.18
The cash ratio of Par Pacific Holdings Inc has fluctuated over the past five years. The ratio stood at 0.29 at the end of 2023, slightly lower than the previous year's 0.30. This indicates that for every dollar of current liabilities, the company had $0.29 in cash available at the end of 2023.
Comparing to historical data, the cash ratio was notably higher in 2021 at 0.10 but then increased in 2022 and 2023. The cash ratio was at its peak in 2020 at 0.30, reflecting a strong cash position that year.
Overall, while the cash ratio has shown some variability, it is important to consider the company's cash management strategy and liquidity needs when interpreting these fluctuations.
Peer comparison
Dec 31, 2023