PBF Energy Inc (PBF)

Debt-to-assets 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
Long-term debt US$ in thousands 1,457,300 1,254,400 1,251,500 1,248,600 1,245,900 1,243,000 1,441,500 1,438,000 1,434,900 1,447,700 2,012,700 4,248,700 4,295,800 4,318,000 4,624,400 4,652,300 4,653,600 4,411,100 4,092,800 3,546,100
Total assets US$ in thousands 12,703,200 13,130,700 14,076,100 13,808,200 14,387,800 14,692,800 14,034,200 13,139,100 13,549,100 13,304,300 13,975,700 12,948,300 11,641,400 11,844,200 11,654,200 11,270,100 10,499,800 10,191,300 10,073,300 9,134,100
Debt-to-assets ratio 0.11 0.10 0.09 0.09 0.09 0.08 0.10 0.11 0.11 0.11 0.14 0.33 0.37 0.36 0.40 0.41 0.44 0.43 0.41 0.39

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 of PBF Energy Inc has shown a declining trend over the periods provided, indicating an improvement in the company's financial health and risk profile. The ratio decreased from 0.39 as of March 31, 2020, to 0.11 by December 31, 2024. This suggests that the company has been able to reduce its overall debt relative to its total assets, which can be seen as a positive sign of financial strength and stability.

A decreasing debt-to-assets ratio could signify that the company is managing its debt levels effectively, reducing the risk of financial distress and potential default. It also indicates that PBF Energy Inc may have a stronger ability to cover its obligations using its existing assets.

However, it is essential to consider other factors such as the company's operating performance, industry dynamics, and economic conditions when assessing its overall financial health. A low debt-to-assets ratio may not always be favorable, as excessively low levels of debt relative to assets could potentially indicate underutilization of capital or lack of leverage for growth opportunities.