DINO (HF Sinclair) Debt-to-Equity: 0.31 (As of Jun. 2026) — 24% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DINO HF Sinclair Corp DINO
64 GF Score
Price $87.66
GF Value $58.06
Valuation Significantly Overvalued
! 5 Warning Signs
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What is HF Sinclair Debt-to-Equity?

HF Sinclair DINO +2.46% 64 Debt-to-Equity is 0.31 as of Jun. 2026, which is 24% below its 10-year median of 0.41. GuruFocus rates DINO with a GF Score™ of 64/100 and a GF Value™ of $58.06 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 809 Oil & Gas companies, HF Sinclair ranks better than 61.43% on this metric.

HF Sinclair's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $104 Mil. HF Sinclair's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $3,140 Mil. HF Sinclair's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $10,350 Mil. HF Sinclair's debt to equity for the quarter that ended in Jun. 2026 was 0.31.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for HF Sinclair's Debt-to-Equity or its related term are showing as below:

DINO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3   Med: 0.41   Max: 0.68
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of HF Sinclair was 0.68. The lowest was 0.30. And the median was 0.41.

DINO's Debt-to-Equity is ranked better than
61.43% of 809 companies
in the Oil & Gas industry
Industry Median: 0.46 vs DINO: 0.31

HF Sinclair  (NYSE:DINO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


HF Sinclair Debt-to-Equity Related Terms


HF Sinclair Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for HF Sinclair's Debt-to-Equity 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.

HF Sinclair Debt-to-Equity Chart

HF Sinclair Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.39 0.31 0.33 0.35

HF Sinclair Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.34 0.35 0.33 0.31

DINO vs SUN, PBF, IEP: Debt-to-Equity Comparison

For the Oil & Gas Refining & Marketing subindustry, HF Sinclair's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HF Sinclair Debt-to-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, HF Sinclair's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where HF Sinclair's Debt-to-Equity falls into.


DINO
64GF Score
HF Sinclair Corp DINO
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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HF Sinclair Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HF Sinclair's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

HF Sinclair's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.31 mean?
HF Sinclair (DINO) has a Debt-to-Equity of 0.31 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HF Sinclair and its competitors. This is 24% below median its historical median of 0.41. Over the past decade, HF Sinclair's Debt-to-Equity has ranged from 0.30 to 0.68. According to the industry distribution chart, HF Sinclair ranks #312 out of 809 companies in the Oil & Gas industry, placing it in the top 38.6%.
Is HF Sinclair's Debt-to-Equity too high?
HF Sinclair's current Debt-to-Equity of 0.31 is 24% below median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.68. The Oil & Gas industry median Debt-to-Equity is 0.46. HF Sinclair's value of 0.31 is 32.6% below this industry median. Based on the distribution chart, HF Sinclair ranks #312 out of 809 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, HF Sinclair has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HF Sinclair's Debt-to-Equity compare to SUN and PBF?
According to the Oil & Gas industry distribution chart, HF Sinclair ranks #312 out of 809 companies for Debt-to-Equity. This puts HF Sinclair in the upper half of its industry. The industry median Debt-to-Equity is 0.46. HF Sinclair's value of 0.31 is 32.6% below this benchmark. Historically, HF Sinclair's own Debt-to-Equity has ranged from 0.30 to 0.68 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.46, HF Sinclair has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 809 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HF Sinclair's current Debt-to-Equity of 0.31 is 32.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HF Sinclair and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HF Sinclair's current Debt-to-Equity is 0.31, which is 24% below median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HF Sinclair stock overvalued right now?
Based on GuruFocus' analysis, HF Sinclair (DINO) is currently considered Significantly Overvalued. The stock's GF Value™ is $58.06, compared to a current price of $87.66 — trading 51% above its estimated fair value. The current Debt-to-Equity is 0.31, which is 24% below median its 10-year median of 0.41 and 32.6% below the Oil & Gas industry median of 0.46. HF Sinclair's overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For HF Sinclair (DINO), the current Debt-to-Equity is 0.31 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HF Sinclair (DINO) Overvalued in 2026?

Based on GuruFocus' analysis, HF Sinclair stock appears to be overvalued. The current stock price of $87.66 is trading 51% above its estimated GF Value™ of $58.06. GuruFocus considers HF Sinclair to be Significantly Overvalued.

Key valuation signals for DINO:

  • Debt-to-Equity: 0.31 (24% below median its 10-year median of 0.41)
  • GF Value™: $58.06 vs. price of $87.66 (51% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 32.6% below the Oil & Gas median (#312 of 809)

No single metric tells the full story. See the DINO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HF Sinclair Business Description

Industry EnergyOil & Gas
Other Exchanges HL80:Germany
Address 2323 Victory Avenue, Suite 1400, Dallas, TX, USA, 75219
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 operates a marketing business with over 350 distributors and 1,700 branded wholesale sites across 30 states. It also owns and operates 4,500 miles of petroleum product pipelines and terminals principally in the Southwestern United States.
64GF Score

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$87.66
Price
$58.06
GF Value