Par Pacific Holdings Inc (PARR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,829,370 | 3,863,950 | 3,280,650 | 2,570,250 | 2,133,860 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,829,370K
= 0.00
The debt-to-assets ratio of Par Pacific Holdings Inc has consistently been 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not used debt to finance its assets during this period. A low or zero debt-to-assets ratio can suggest a strong financial position, as it shows that the company's assets are primarily funded by equity rather than debt. However, it is important to note that a very low debt-to-assets ratio may also indicate underutilization of debt financing opportunities that could potentially enhance the company's returns. Further analysis of the company's capital structure and overall financial strategy would provide a more holistic view of its financial health.
Peer comparison
Dec 31, 2024