PBF Energy Inc (PBF)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,543,900 | 6,596,600 | 6,546,300 | 5,199,200 | 3,867,400 |
| Total current liabilities | US$ in thousands | 3,626,100 | 4,217,300 | 5,200,700 | 3,759,700 | 2,451,500 |
| Current ratio | 1.25 | 1.56 | 1.26 | 1.38 | 1.58 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,543,900K ÷ $3,626,100K
= 1.25
The current ratio for PBF Energy Inc has shown fluctuations over the past five years. As of December 31, 2020, the current ratio stood at 1.58, indicating that the company had $1.58 in current assets for every dollar of current liabilities. However, over the subsequent years, the ratio declined to 1.38 by December 31, 2021, and further decreased to 1.26 by December 31, 2022. This downward trend may suggest potential liquidity challenges or inefficiencies in managing short-term obligations.
Despite the decline, there was a slight improvement in the current ratio to 1.56 by December 31, 2023, before dropping again to 1.25 by December 31, 2024. The current ratio fluctuation indicates varying levels of liquidity and the company's ability to meet its short-term financial obligations. Investors and stakeholders should closely monitor these changes to assess the company's liquidity position and financial health.
Peer comparison
Dec 31, 2024