Par Pacific Holdings Inc (PARR)

Debt-to-assets ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands 646,603 494,576 553,717 648,660 599,634
Total assets US$ in thousands 3,863,950 3,280,650 2,570,250 2,133,860 2,700,560
Debt-to-assets ratio 0.17 0.15 0.22 0.30 0.22

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $646,603K ÷ $3,863,950K
= 0.17

The debt-to-assets ratio for Par Pacific Holdings Inc has exhibited a decreasing trend over the past five years, indicating a positive development in the company's financial leverage. In 2023, the ratio stood at 0.33, reflecting a lower proportion of debt relative to the total assets compared to the previous years. This trend suggests that the company has been able to reduce its reliance on debt to finance its operations and investments, which can lead to improved financial stability and lower financial risk. Overall, the declining debt-to-assets ratio for Par Pacific Holdings Inc demonstrates a strengthening financial position and effective management of debt levels.


Peer comparison

Dec 31, 2023