PBF Energy Inc (PBF)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,457,300 | 1,245,900 | 1,434,900 | 4,295,800 | 4,653,600 |
| Total assets | US$ in thousands | 12,703,200 | 14,387,800 | 13,549,100 | 11,641,400 | 10,499,800 |
| Debt-to-assets ratio | 0.11 | 0.09 | 0.11 | 0.37 | 0.44 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,457,300K ÷ $12,703,200K
= 0.11
The debt-to-assets ratio for PBF Energy Inc has shown a declining trend over the analyzed period, decreasing from 0.44 in December 2020 to 0.11 in December 2024. This indicates that the company has been able to reduce its level of debt in relation to its total assets over time. A lower debt-to-assets ratio suggests a stronger financial position, as it implies less reliance on debt financing and a higher proportion of assets funded by equity. The decrease in the ratio may be attributed to successful debt management strategies, improved profitability, or efficient asset utilization. Generally, a declining debt-to-assets ratio is viewed positively by investors and creditors as it signifies improved financial health and stability for the company.
Peer comparison
Dec 31, 2024