Par Pacific Holdings Inc (PARR)
Financial leverage 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 assets | US$ in thousands | 3,829,370 | 3,853,280 | 3,936,950 | 3,771,680 | 3,863,950 | 3,888,750 | 3,609,970 | 3,327,430 | 3,280,650 | 3,107,100 | 3,245,340 | 2,920,440 | 2,570,250 | 2,521,000 | 2,524,380 | 2,502,470 | 2,133,860 | 2,272,410 | 2,224,800 | 2,140,920 |
| Total stockholders’ equity | US$ in thousands | 1,191,300 | 1,254,030 | 1,265,780 | 1,311,340 | 1,335,420 | 1,071,260 | 919,311 | 887,993 | 644,537 | 546,892 | 278,729 | 125,917 | 265,700 | 253,502 | 169,692 | 276,067 | 246,274 | 379,940 | 392,476 | 430,388 |
| Financial leverage ratio | 3.21 | 3.07 | 3.11 | 2.88 | 2.89 | 3.63 | 3.93 | 3.75 | 5.09 | 5.68 | 11.64 | 23.19 | 9.67 | 9.94 | 14.88 | 9.06 | 8.66 | 5.98 | 5.67 | 4.97 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,829,370K ÷ $1,191,300K
= 3.21
The financial leverage ratio of Par Pacific Holdings Inc has exhibited significant fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio shows a rising trend initially, reaching a peak of 23.19 on March 31, 2022, which indicates high financial leverage during that period. This may suggest that the company relied heavily on debt to finance its operations and investments.
However, from June 30, 2022, onwards, the financial leverage ratio started to decline, indicating a reduction in the company's debt relative to its equity. By December 31, 2024, the ratio had stabilized around 3.21, signifying a more balanced capital structure compared to the peak levels observed earlier.
Overall, the fluctuation in the financial leverage ratio of Par Pacific Holdings Inc highlights the dynamic nature of its capital structure, with periods of high leverage followed by a subsequent deleveraging strategy. Investors and stakeholders should closely monitor these ratios to assess the company's risk and financial stability.
Peer comparison
Dec 31, 2024