PBF Energy Inc (PBF)
Debt-to-equity 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-equity ratio | 0.26 | 0.19 | 0.29 | 2.23 | 2.83 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,457,300K ÷ $5,544,200K
= 0.26
PBF Energy Inc's debt-to-equity ratio has shown a declining trend over the years, decreasing from 2.83 in December 31, 2020, to 0.26 in December 31, 2024. This indicates that the company has been reducing its reliance on debt financing in relation to shareholder equity. A high debt-to-equity ratio can suggest higher financial risk, as excessive debt may burden the company with high interest payments and repayment obligations. Conversely, a lower debt-to-equity ratio reflects a stronger financial position and greater stability, as the company is relying more on equity to finance its operations. Overall, the decreasing trend in PBF Energy Inc's debt-to-equity ratio implies an improving financial health and a more sustainable capital structure.
Peer comparison
Dec 31, 2024