PBF Energy Inc (PBF)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,544,200 | 6,488,300 | 4,929,200 | 1,926,200 | 1,642,800 |
| Debt-to-capital ratio | 0.21 | 0.16 | 0.23 | 0.69 | 0.74 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,457,300K ÷ ($1,457,300K + $5,544,200K)
= 0.21
The debt-to-capital ratio of PBF Energy Inc has shown a decreasing trend over the past five years, indicating an improvement in the company's overall financial structure. As of December 31, 2020, the debt-to-capital ratio stood at 0.74, reflecting that debt comprised 74% of the company's total capital structure.
Over the subsequent years, there was a noticeable decline in the ratio, with the figure dropping to 0.69 by December 31, 2021, further declining to 0.23 by December 31, 2022, and significantly lower to 0.16 by December 31, 2023. This downward trend suggests that PBF Energy Inc has been reducing its debt relative to its total capital, potentially decreasing financial risk and enhancing its financial stability.
However, by December 31, 2024, the debt-to-capital ratio slightly increased to 0.21, indicating a slight uptick in the proportion of debt within the company's capital structure. It would be important to monitor future developments to assess whether this increase is a one-time fluctuation or the beginning of a new trend.
Overall, the decreasing trend in the debt-to-capital ratio of PBF Energy Inc over the period indicates a positive trajectory in managing the company's debt levels and optimizing its capital structure for long-term financial health.
Peer comparison
Dec 31, 2024