PBF Energy Inc (PBF)

Cash 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
Cash and cash equivalents US$ in thousands 536,100 976,700 1,367,200 1,441,500 1,783,500 1,892,500 1,516,900 1,616,100 2,203,600 1,908,600 2,174,300 1,434,600 1,341,500 1,472,500 1,479,700 1,541,200 1,609,500 1,282,600 1,225,200 722,100
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Total current liabilities US$ in thousands 3,626,100 3,825,500 4,255,500 3,781,200 4,217,300 4,392,700 4,302,400 4,596,800 5,200,700 5,423,900 6,772,800 5,085,700 3,759,700 4,199,600 3,751,000 3,399,300 2,451,500 1,955,900 2,037,200 2,045,900
Cash ratio 0.15 0.26 0.32 0.38 0.42 0.43 0.35 0.35 0.42 0.35 0.32 0.28 0.36 0.35 0.39 0.45 0.66 0.66 0.60 0.35

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 shown fluctuations over the specified period. It started at 0.35 on March 31, 2020, increased to 0.66 by September 30, 2020, and remained at that level until December 31, 2020. From there, it decreased to 0.28 by March 31, 2022 before climbing to 0.42 as of December 31, 2022, and maintaining a stable range thereafter. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents, indicating its liquidity position. PBF Energy Inc's fluctuating cash ratio reflects changes in its liquidity over time, suggesting variations in its ability to meet its short-term financial obligations solely from its cash reserves.