PBF Energy Inc (PBF)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 12,703,200 | 14,387,800 | 13,549,100 | 11,641,400 | 10,499,800 |
| Total stockholders’ equity | US$ in thousands | 5,544,200 | 6,488,300 | 4,929,200 | 1,926,200 | 1,642,800 |
| Financial leverage ratio | 2.29 | 2.22 | 2.75 | 6.04 | 6.39 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,703,200K ÷ $5,544,200K
= 2.29
The financial leverage ratio of PBF Energy Inc has shown a decreasing trend over the years, indicating a reduction in the company's reliance on debt to finance its operations. As of December 31, 2020, the financial leverage ratio was 6.39, which decreased to 6.04 by December 31, 2021. This downward trend continued with significant drops in subsequent years, reaching 2.75 by December 31, 2022, 2.22 by December 31, 2023, and 2.29 by December 31, 2024.
The decreasing financial leverage ratio suggests that PBF Energy Inc has been gradually reducing its debt levels relative to its equity, which can be a positive sign for the company's financial health and stability. Lower financial leverage ratios indicate a stronger financial position and reduced risk of financial distress due to lower debt obligations.
Peer comparison
Dec 31, 2024