PBF Energy Inc (PBF)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	6,596,600	6,920,700	6,304,700	5,866,700	6,546,300	6,571,900	7,332,300	6,379,600	5,199,200	5,486,500	5,266,500	4,854,800	3,867,400	3,312,600	3,387,100	2,309,700	3,823,700	3,602,900	3,599,000	3,979,300
Total current liabilities	US$ in thousands	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	2,509,200	2,312,100	2,397,800	2,606,900
Current ratio		1.56	1.58	1.47	1.28	1.26	1.21	1.08	1.25	1.38	1.31	1.40	1.43	1.58	1.69	1.66	1.13	1.52	1.56	1.50	1.53

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 exhibited fluctuations over the past eight quarters. In Q4 2023, the current ratio stood at 1.56, slightly lower than the previous quarter's ratio of 1.58. This indicates that the company's current assets are 1.56 times its current liabilities, suggesting a slightly reduced liquidity position compared to the previous quarter.

Looking further back, the current ratio has shown a general upward trend since Q1 2022 when it was at 1.25. The ratio reached its lowest point in Q2 2022 at 1.08 but has since improved steadily, with occasional fluctuations. Despite the recent decrease in Q4 2023, the current ratio remains above the levels seen in the earlier quarters, reflecting an overall healthier liquidity position for PBF Energy Inc.

Overall, while the current ratio for PBF Energy Inc has seen fluctuations in the short term, the general trend indicates an improvement in liquidity over the past eight quarters, with the latest ratio of 1.56 suggesting that the company has sufficient current assets to cover its current liabilities.