Par Pacific Holdings Inc (PARR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,772,240 | 1,989,500 | 1,881,840 | 1,130,170 | 636,469 |
| Total current liabilities | US$ in thousands | 1,096,270 | 1,524,600 | 1,794,090 | 1,355,790 | 878,680 |
| Current ratio | 1.62 | 1.30 | 1.05 | 0.83 | 0.72 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,772,240K ÷ $1,096,270K
= 1.62
The current ratio of Par Pacific Holdings Inc has shown a gradual improvement over the years, indicating enhanced liquidity and short-term financial stability. From a relatively low ratio of 0.72 in December 31, 2020, the company has steadily strengthened its position to reach a current ratio of 1.62 as of December 31, 2024. This suggests that the company's current assets are increasingly able to cover its current liabilities, providing a positive sign of financial health and the ability to meet short-term obligations efficiently. The trend signifies a potential enhancement in the company's working capital management and ability to withstand unexpected financial challenges in the near term.
Peer comparison
Dec 31, 2024