PBF Energy Inc (PBF)

Solvency ratios

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
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
Debt-to-capital ratio 0.21 0.18 0.17 0.16 0.16 0.16 0.19 0.22 0.23 0.26 0.39 0.69 0.69 0.71 0.74 0.74 0.74 0.70 0.64 0.65
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
Financial leverage ratio 2.29 2.23 2.25 2.14 2.22 2.19 2.32 2.56 2.75 3.15 4.44 6.78 6.04 6.85 7.00 7.01 6.39 5.27 4.30 4.69

PBF Energy Inc's solvency ratios show a trend of improvement over the observed periods. The debt-to-assets ratio has decreased from 0.39 as of March 31, 2020, to 0.11 as of December 31, 2024, indicating a reduction in the proportion of total assets financed by debt.

Similarly, the debt-to-capital ratio has followed a declining trend, decreasing from 0.65 as of March 31, 2020, to 0.21 as of December 31, 2024. This demonstrates a decreasing reliance on debt in funding the company's capital structure.

The debt-to-equity ratio has also exhibited a downward trajectory, dropping from 1.82 as of March 31, 2020, to 0.26 as of December 31, 2024. This indicates a decrease in the financial leverage of the company, with a lower proportion of debt financing compared to equity.

Furthermore, the financial leverage ratio has shown a consistent decline from 4.69 as of March 31, 2020, to 2.29 as of December 31, 2024. This signifies an improvement in the company's ability to meet its financial obligations and a reduction in the level of financial risk.

Overall, the improving solvency ratios of PBF Energy Inc suggest a strengthening financial position and a more sustainable capital structure over the analyzed period.

Coverage ratios

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
Interest coverage -9.59 -6.16 18.45 45.78 45.89 46.20 36.17 22.46 15.07 10.33 5.83 1.84 1.77 0.32 -0.56 1.00 -4.38 -3.61 -2.92 -6.83

PBF Energy Inc's interest coverage ratio, as indicated by the data provided, has shown significant fluctuations over the quarters. The interest coverage ratio is a measure of a company's ability to meet its interest payments on outstanding debt. A ratio below 1 suggests that the company is not generating enough operating income to cover its interest expenses.

The interest coverage ratio for PBF Energy Inc was negative in several quarters in 2020 and 2021, indicating that the company was not generating enough income to cover its interest payments. However, there has been a notable improvement in the ratio starting from the first quarter of 2021, reaching a peak in the first quarter of 2024. This positive trend indicates that the company's operating income has increased sufficiently to cover its interest expenses.

It is important to note the sharp fluctuations in PBF Energy Inc's interest coverage ratio, which could be attributed to various factors such as changes in operating performance, interest rates, or debt levels. Investors and stakeholders should carefully monitor the interest coverage ratio to ensure the company's financial stability and ability to meet its debt obligations.