Par Pacific Holdings Inc (PARR)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	1,989,500	2,177,750	1,893,350	1,948,720	1,881,840	1,738,560	1,851,360	1,463,760	1,130,170	1,051,570	1,030,680	976,738	636,469	749,126	719,765	612,515	1,032,170	1,027,790	951,033	908,631
Total current liabilities	US$ in thousands	1,524,600	1,939,590	1,769,950	1,572,360	1,794,090	1,721,680	2,109,940	1,828,620	1,355,790	1,295,240	1,369,690	1,190,670	878,680	875,703	806,570	727,875	1,034,320	1,051,600	974,193	948,072
Current ratio		1.30	1.12	1.07	1.24	1.05	1.01	0.88	0.80	0.83	0.81	0.75	0.82	0.72	0.86	0.89	0.84	1.00	0.98	0.98	0.96

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 eight quarters. In Q4 2023, the current ratio improved to 1.30 from 1.12 in Q3 2023. This indicates that the company had $1.30 in current assets to cover $1 of current liabilities at the end of Q4 2023. The current ratio has generally been trending upwards since Q1 2022 when it was at 0.80, reaching its lowest point in Q2 2022 at 0.88.

An increasing current ratio is generally seen as a positive indication of a company's liquidity and ability to meet short-term obligations. However, it is important to note that a very high current ratio may indicate inefficiency in utilizing current assets. On the other hand, a low current ratio could suggest potential liquidity issues and difficulty in meeting short-term obligations.

Overall, the recent improvement in Par Pacific Holdings Inc's current ratio reflects a stronger position in terms of liquidity compared to previous quarters, which may be a positive sign for the company's short-term financial health.