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