Par Pacific Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Par Pacific Holdings has a total shareholder equity of $1.3B and total debt of $651.7M, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are $3.9B and $2.5B respectively. Par Pacific Holdings's EBIT is $686.0M making its interest coverage ratio 12.2. It has cash and short-term investments of $279.1M.
Key information
48.8%
Debt to equity ratio
US$651.68m
Debt
Interest coverage ratio | 12.2x |
Cash | US$279.11m |
Equity | US$1.34b |
Total liabilities | US$2.53b |
Total assets | US$3.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 61P's short term assets ($2.0B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: 61P's short term assets ($2.0B) exceed its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: 61P's net debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: 61P's debt to equity ratio has reduced from 76.6% to 48.8% over the past 5 years.
Debt Coverage: 61P's debt is well covered by operating cash flow (88.9%).
Interest Coverage: 61P's interest payments on its debt are well covered by EBIT (12.2x coverage).