Par Pacific Holdings Inc (PARR)
Current ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 1,989,500 | 1,881,840 | 1,130,170 | 636,469 | 1,032,170 |
Total current liabilities | US$ in thousands | 1,524,600 | 1,794,090 | 1,355,790 | 878,680 | 1,034,320 |
Current ratio | 1.30 | 1.05 | 0.83 | 0.72 | 1.00 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,989,500K ÷ $1,524,600K
= 1.30
The current ratio of Par Pacific Holdings Inc has shown fluctuations over the past five years. It increased from 1.00 in 2019 to 1.30 in 2023, indicating an improvement in the company's short-term liquidity position. The ratio was at its lowest point in 2020 at 0.72, suggesting potential liquidity challenges during that period. However, there was a notable rebound in 2021 and 2022, reaching 0.83 and 1.05, respectively.
Overall, the current ratio has generally been above 1.00, which typically indicates that Par Pacific Holdings Inc has had sufficient current assets to cover its current liabilities. The upward trend in recent years demonstrates an enhanced ability to meet short-term obligations, reflecting positively on the company's liquidity management.
Peer comparison
Dec 31, 2023