PBF Energy Inc (PBF)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 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 | 0.23 | 0.23 | 0.23 | 0.24 |
| Debt-to-capital ratio | 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 | 0.40 | 0.41 | 0.41 | 0.43 |
| Debt-to-equity ratio | 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 | 0.68 | 0.69 | 0.68 | 0.74 |
| Financial leverage ratio | 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 | 3.00 | 2.96 | 2.97 | 3.09 |
The solvency ratios of PBF Energy Inc indicate the company's ability to fulfill its financial obligations and manage its debt levels effectively.
- The debt-to-assets ratio remained relatively stable around 0.09 to 0.15 over the past eight quarters, suggesting that the company has maintained a conservative level of debt in relation to its total assets.
- The debt-to-capital ratio also showed consistency, ranging from 0.16 to 0.29, indicating that PBF Energy has been successful in balancing its debt and equity components in funding its operations.
- The debt-to-equity ratio exhibited a decreasing trend, declining from 2.28 in Q1 2022 to 0.20 in Q4 2023, which signifies that the company has reduced its reliance on debt financing and improved its equity position over time.
- The financial leverage ratio, which measures the company's use of debt to support its operations, has shown a downward trend from 6.78 in Q1 2022 to 2.22 in Q4 2023, indicating PBF Energy's efforts to decrease its financial risk and enhance its financial stability.
Overall, PBF Energy Inc's solvency ratios demonstrate a prudent approach towards managing debt levels and maintaining a sustainable capital structure, which bodes well for the company's long-term financial health.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 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 | 3.66 | 0.21 | 1.14 | 3.68 |
The interest coverage ratio for PBF Energy Inc has exhibited a positive trend over the past eight quarters, indicating the company's ability to meet its interest payment obligations.
The interest coverage ratio has shown a steady increase from 2.16 in Q1 2022 to 31.02 in Q4 2023, demonstrating significant improvement in the company's ability to cover its interest expenses with its operating income.
The consistent upward trajectory in the interest coverage ratio reflects improved profitability and cash flow generation, suggesting a stronger financial position for PBF Energy Inc. This trend indicates that the company is in a better position to service its debt obligations and indicates potential stability and sustainability in managing its financial commitments.