Par Pacific Holdings Inc (PARR)

Quick 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
Cash	US$ in thousands	191,921	182,977	180,001	228,298	279,446	347,105	190,951	661,316	490,925	409,090	186,178	140,874	112,221	201,305	174,329	214,733	68,309	127,333	142,869	62,080
Short-term investments	US$ in thousands	—	—	456,596	558,214	—	—	—	—	—	—	—	—	—	—	—	209,010	209,010	—	—	—
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Quick ratio		0.18	0.17	0.53	0.54	0.18	0.18	0.11	0.42	0.27	0.24	0.09	0.08	0.08	0.16	0.13	0.36	0.32	0.15	0.18	0.09

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 shown fluctuating trends over the years. From March 31, 2020, to June 30, 2020, the quick ratio increased from 0.09 to 0.18, indicating improved liquidity. However, the ratio decreased to 0.15 by September 30, 2020, before rebounding to 0.32 by December 31, 2020.

Throughout 2021 and early 2022, the quick ratio fluctuated between 0.08 and 0.42, reflecting varying levels of liquidity. Notably, the ratio reached its peak at 0.54 by March 31, 2024, suggesting a strong ability to meet short-term obligations with liquid assets.

Overall, the quick ratio of Par Pacific Holdings Inc has experienced volatility but has generally shown an improvement in liquidity over the years, with occasional fluctuations in between.