Par Pacific Holdings Inc (PARR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Par Pacific Holdings Inc has consistently maintained a Debt-to-assets ratio of 0.00 over the past few years, indicating that the company has not relied heavily on debt to finance its assets. This suggests a strong financial position and lower financial risk.
Similarly, the Debt-to-capital ratio has also remained at 0.00 throughout the period, indicating that the company's capital structure is not heavily reliant on debt financing. This implies a healthy balance between debt and equity in the company's capital structure.
The Debt-to-equity ratio has also consistently been at 0.00, further supporting the notion that Par Pacific Holdings has a conservative approach to debt utilization and a strong equity base.
The Financial leverage ratio, which measures the company's level of financial risk, has shown some fluctuations over the years but generally decreased from March 2020 to December 2024. The ratio peaked at 23.19 in March 2022 before gradually decreasing to 3.21 by December 2024. This indicates that the company has been reducing its reliance on debt and improving its financial stability over time.
Overall, based on these solvency ratios, Par Pacific Holdings Inc appears to have a robust financial position with low debt levels, a balanced capital structure, and improving financial leverage ratios over the years.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 0.42 | 3.14 | 5.36 | 6.28 | 10.62 | 10.39 | 12.68 | 13.80 | 7.93 | 6.85 | 4.15 | 0.19 | 0.35 | -1.44 | -2.75 | -1.97 | -2.67 | -0.56 | -1.54 | -0.41 |
The interest coverage ratio of Par Pacific Holdings Inc experienced fluctuations over the examined period. It reflected a concerning trend initially, consistently below 0, indicating the company's inability to cover its interest expenses with its operating income, suggesting a high financial risk.
However, from December 31, 2021, the interest coverage ratio started improving, turning positive, reaching a high of 13.80 on March 31, 2023, signifying a strong ability to meet interest obligations from operating profits. This positive trend continued until June 30, 2024, although it slightly declined in the latter period.
Overall, the recent trend in the interest coverage ratio indicates a significant improvement in Par Pacific Holdings Inc's ability to cover its interest expenses, potentially implying a more stable financial position. However, sustained monitoring of this ratio in the upcoming periods is advisable to assess continued financial health and sustainability.