PBF Energy Inc (PBF)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 536,100 | 1,783,500 | 2,203,600 | 1,341,500 | 1,609,500 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,626,100 | 4,217,300 | 5,200,700 | 3,759,700 | 2,451,500 |
| Cash ratio | 0.15 | 0.42 | 0.42 | 0.36 | 0.66 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($536,100K
+ $—K)
÷ $3,626,100K
= 0.15
The cash ratio of PBF Energy Inc has exhibited fluctuations over the past five years, ranging from 0.15 to 0.66. The ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of funding.
From December 31, 2020, to December 31, 2021, there was a notable decrease in the cash ratio from 0.66 to 0.36, signaling a decrease in the company's liquidity position. However, from December 31, 2021, to December 31, 2022, there was an improvement in the cash ratio to 0.42, indicating a better ability to cover short-term liabilities with available cash.
The cash ratio remained consistent at 0.42 from December 31, 2022, to December 31, 2023, suggesting continued stability in the company's liquidity position. However, by December 31, 2024, the cash ratio decreased significantly to 0.15, indicating a potential liquidity challenge for PBF Energy Inc.
Overall, the fluctuating trend in PBF Energy Inc's cash ratio highlights the importance of closely monitoring the company's liquidity position to ensure its ability to meet short-term obligations effectively.
Peer comparison
Dec 31, 2024