HF Sinclair (HF Sinclair) Cash And Cash Equivalents

: $1,354 Mil (As of Dec. 2023)

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HF Sinclair's quarterly cash and cash equivalents increased from Jun. 2023 ($1,614.62 Mil) to Sep. 2023 ($2,214.75 Mil) but then stayed the same from Sep. 2023 ($2,214.75 Mil) to Dec. 2023 ($1,353.75 Mil).

HF Sinclair's annual cash and cash equivalents increased from Dec. 2021 ($234.44 Mil) to Dec. 2022 ($1,665.07 Mil) but then declined from Dec. 2022 ($1,665.07 Mil) to Dec. 2023 ($1,353.75 Mil).

HF Sinclair Cash And Cash Equivalents Historical Data

The historical data trend for HF Sinclair's Cash And Cash Equivalents 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.

* Premium members only.

HF Sinclair Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

885.16

1,368.32

234.44

1,665.07

1,353.75

HF Sinclair Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																1,665.07	1,364.93	1,614.62	2,214.75	1,353.75

HF Sinclair Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

HF Sinclair (NYSE:DINO) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

HF Sinclair Cash And Cash Equivalents Related Terms

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HF Sinclair (HF Sinclair) Business Description

Industry

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Traded in Other Exchanges

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Address

2828 North Harwood, Suite 1300, Dallas, TX, USA, 75201

Website

https://www.hfsinclair.com

HF Sinclair is an integrated petroleum refiner that owns and operates seven refineries serving the Rockies, midcontinent, Southwest, and Pacific Northwest, with a total crude oil throughput capacity of 678,000 barrels per day. It can produce 380 million gallons of renewable diesel annually. It holds a marketing business with over 300 distributors and 1,500 wholesale branded sites across 30 states. It also has a 47% ownership stake in Holly Energy Partners, which owns and operates petroleum product pipelines and terminals principally in the southwestern United States, but has announced a proposal to purchase the remaining 53%.

Executives

James H Lee	director	10000 MEMORIAL DRIVE STE 600, HOUSTON TX 77024-3411
Indira Agarwal	officer: VP, Controller and CAO	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Manuel J Fernandez	director	1999 BRYAN STREET, DALLAS TX 75201
Franklin Myers	director	C/O CAMERON INT'L CORPORATION, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Vaishali S. Bhatia	officer: SVP, General Counsel & Sec	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Valerie Pompa	officer: EVP, Operations	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Michael Jennings	director, officer: Chief Executive Officer	10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024
Steven Ledbetter	officer: EVP, Commercial	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Carol Holding	10 percent owner	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Leldon E Echols	director	P O BOX 199000, 2728 N HARWOOD STREET, DALLAS TX 75201
Anna C Catalano	director	1313 NORTH MARKET STREET, WILMINGTON DE 19894
Anne-marie Ainsworth	director	333 CLAY STREET, SUITE 2400, HOUSTON TX 77002
Robert J. Kostelnik	director	10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024-3411
R Craig Knocke	director	2828 N HARWOOD SUITE 1300, DALLAS TX 75201
Atanas H Atanasov	officer: EVP and CFO	C/O NGL ENERGY PARTNERS LP, 6120 S. YALE AVENUE, SUITE 805, TULSA OK 74136