Par Pacific Holdings Inc (PARR)

Financial leverage ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Total assets US$ in thousands 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 2,700,560 2,652,880 2,672,410 2,648,100
Total stockholders’ equity US$ in thousands 1,335,420 1,071,260 919,311 887,993 644,537 546,892 278,729 125,917 265,700 253,502 169,692 276,067 246,274 379,940 392,476 430,388 648,242 579,510 659,563 611,202
Financial leverage ratio 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 4.17 4.58 4.05 4.33

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,863,950K ÷ $1,335,420K
= 2.89

The financial leverage ratio for Par Pacific Holdings Inc has been fluctuating over the past eight quarters. The trend indicates a significant decrease from Q1 2022 to Q2 2022, followed by a more stable but relatively high level from Q3 2022 to Q4 2023. A financial leverage ratio above 1 suggests that the company relies more on debt to finance its operations and investments. The ratio exceeding 5 in Q2 2022, Q3 2022, Q4 2022, and Q1 2023 is notably high and might raise concerns about the company's ability to meet its debt obligations. It is crucial for stakeholders to closely monitor how Par Pacific Holdings manages its debt levels to ensure sustainable financial health.