PBF Energy Inc (PBF)

Current ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total current assets US$ in thousands 6,596,600 6,546,300 5,199,200 3,867,400 3,823,700
Total current liabilities US$ in thousands 4,217,300 5,200,700 3,759,700 2,451,500 2,509,200
Current ratio 1.56 1.26 1.38 1.58 1.52

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $6,596,600K ÷ $4,217,300K
= 1.56

The current ratio of PBF Energy Inc has fluctuated over the past five years, ranging from 1.26 to 1.58. The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. A ratio above 1 indicates that the company's current assets exceed its current liabilities.

In 2023, PBF Energy Inc's current ratio improved to 1.56 from 1.26 in 2022, suggesting a stronger ability to meet its short-term obligations. However, it is essential to closely monitor this ratio over time to ensure that the company maintains a healthy liquidity position.

The current ratio of 1.56 in 2023 may indicate that PBF Energy Inc has ample current assets to cover its current liabilities. It is worth noting that a current ratio that is too high may indicate that the company is not efficiently utilizing its current assets, while a ratio that is too low may signal liquidity issues.


Peer comparison

Dec 31, 2023