PBF Energy (LTS:0KE0) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is PBF Energy LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. PBF Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

PBF Energy's long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.14). It may suggest that PBF Energy is progressively becoming less dependent on debt to grow their business.

PBF Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for PBF Energy's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PBF Energy LT-Debt-to-Total-Asset Chart

PBF Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.52

0.42

0.15

0.13

PBF Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.15	0.13	0.13	0.14

PBF Energy LT-Debt-to-Total-Asset Calculation

PBF Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1900.8	/	14387.8
	=	0.13

PBF Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1911.5	/	13808.2
	=	0.14

PBF Energy (LTS:0KE0) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

PBF Energy LT-Debt-to-Total-Asset Related Terms

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PBF Energy (LTS:0KE0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PBF Energy Inc (LTS:0KE0) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PBF:USA PBF:Mexico PEN:Germany

Address

One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054

Website

https://www.pbfenergy.com

PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.

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