PBF Energy Inc (PBF)

Quick 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
Cash	US$ in thousands	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	814,900	536,300	204,100	418,300
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	1,362,500	1,583,400	1,368,600	1,184,100	1,456,300	1,630,200	1,967,500	1,815,100	1,277,600	1,056,800	1,007,800	863,500	512,900	464,600	429,000	439,100	835,000	879,800	989,800	869,400
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
Quick ratio		0.75	0.79	0.67	0.61	0.70	0.65	0.61	0.64	0.70	0.60	0.66	0.71	0.87	0.89	0.81	0.57	0.66	0.61	0.50	0.49

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,783,500K + $—K + $1,362,500K) ÷ $4,217,300K
= 0.75

The quick ratio of PBF Energy Inc has shown fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.

In Q4 2023, the quick ratio was 0.81, slightly lower than the previous quarter, indicating a slight decrease in the company's ability to cover its short-term obligations with its liquid assets. This could be a cause for concern as it may signal potential liquidity issues.

However, when compared to the quick ratios from the previous quarters, the trend has shown some variability. The quick ratio has ranged from 0.64 to 0.85 over the past eight quarters, with no clear trend in improvement or deterioration.

Overall, further analysis of PBF Energy Inc's liquidity position, in conjunction with other financial metrics, is recommended to gain a more comprehensive understanding of the company's financial health.