Par Pacific Holdings Inc (PARR)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	191,921	1,767,180	1,976,360	1,858,510	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
Total current liabilities	US$ in thousands	1,096,270	1,045,650	1,211,050	1,447,760	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
Current ratio		0.18	1.69	1.63	1.28	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $191,921K ÷ $1,096,270K
= 0.18

Par Pacific Holdings Inc's current ratio has fluctuated over the years. From March 31, 2020, to December 31, 2024, the current ratio ranged from a low of 0.18 to a high of 1.69. This indicates significant variability in the company's short-term liquidity position. Generally, a current ratio below 1.0 suggests the company may have difficulty meeting its short-term obligations with its current assets alone.

For most periods, Par Pacific Holdings Inc's current ratio was below 1.0, indicating a potential liquidity challenge. However, there was a notable improvement in the company's liquidity position starting from September 30, 2022, where the current ratio exceeded 1.0 and continued to increase until December 31, 2024. This improvement suggests that the company's ability to meet its short-term obligations with its current assets improved over these periods.

It is important for investors and stakeholders to monitor the current ratio closely to assess Par Pacific Holdings Inc's liquidity risk and financial health. Factors influencing the current ratio may include changes in current assets and current liabilities, operational efficiency, and overall financial management practices.