PBF Energy Inc (PBF)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,165,000 | 1,246,400 | 1,510,100 | 1,179,100 | 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 |
| 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 |
| Quick ratio | 0.47 | 0.58 | 0.68 | 0.69 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($536,100K
+ $—K
+ $1,165,000K)
÷ $3,626,100K
= 0.47
The quick ratio of PBF Energy Inc has been fluctuating over the analyzed period from 2020 to 2024. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
The quick ratio started at a low of 0.57 in March 2020, indicating potential liquidity challenges. It then improved to 0.89 by September 2020, showing better short-term solvency. However, the ratio decreased to 0.60 by September 2021 before recovering to 0.70 by December 2021.
Subsequently, the quick ratio fluctuated between 0.61 and 0.79 until December 2023, where it stood at 0.75, signifying a relatively stable liquidity position. However, by December 2024, the quick ratio dropped to 0.47, which may raise concerns about the company's ability to meet its short-term obligations using its quick assets.
Overall, the trend in the quick ratio of PBF Energy Inc indicates some degree of variability in its short-term liquidity position over the analyzed period, with fluctuations that impact its ability to quickly cover its current liabilities.
Peer comparison
Dec 31, 2024