Par Pacific Holdings Inc (PARR)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	191,921	279,107	490,925	112,221	68,309
Short-term investments	US$ in thousands	—	—	—	—	209,010
Receivables	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	1,096,270	1,524,600	1,794,090	1,355,790	878,680
Quick ratio		0.18	0.18	0.27	0.08	0.32

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($191,921K + $—K + $—K) ÷ $1,096,270K
= 0.18

The quick ratio of Par Pacific Holdings Inc has experienced fluctuations over the past five years. As of December 31, 2020, the quick ratio was 0.32, indicating that the company had $0.32 of liquid assets available to cover each dollar of current liabilities. However, by December 31, 2021, the quick ratio had decreased significantly to 0.08, suggesting a potential strain on the company's ability to meet its short-term obligations through its most liquid assets.

Subsequently, the quick ratio improved to 0.27 by December 31, 2022, showing a partial recovery in the company's short-term liquidity position. However, by December 31, 2023, the quick ratio dropped to 0.18, raising concerns about the company's liquidity management.

As of the most recent data available on December 31, 2024, the quick ratio remained at 0.18, indicating that Par Pacific Holdings Inc continued to have $0.18 of liquid assets for every dollar of current liabilities, which may suggest ongoing challenges in effectively managing short-term liquidity.

Overall, the fluctuating trend in the quick ratio of Par Pacific Holdings Inc reflects potential variations in the company's ability to meet its short-term obligations with its readily available liquid assets over the analyzed period. Further analysis of the company's financial health and liquidity management practices may be necessary to gain a more comprehensive understanding of its overall financial stability.