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.