PBF Energy Inc (PBF)

Debt-to-equity 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 stockholders’ equity US$ in thousands 5,544,200 5,881,700 6,265,100 6,455,900 6,488,300 6,718,500 6,044,900 5,137,900 4,929,200 4,218,200 3,147,600 1,911,000 1,926,200 1,729,200 1,664,400 1,606,700 1,642,800 1,935,400 2,344,800 1,948,300
Debt-to-equity ratio 0.26 0.21 0.20 0.19 0.19 0.19 0.24 0.28 0.29 0.34 0.64 2.22 2.23 2.50 2.78 2.90 2.83 2.28 1.75 1.82

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,457,300K ÷ $5,544,200K
= 0.26

The debt-to-equity ratio of PBF Energy Inc has shown a declining trend from 1.82 as of March 31, 2020, to 0.26 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt and increasing its equity base over the years. A lower debt-to-equity ratio signifies a lower risk of financial distress due to excessive debt levels and reflects a healthier balance sheet structure. The significant decrease in the ratio over the years suggests that the company has been effectively managing its debt levels and strengthening its financial position.