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Par Pacific Holdings Financial Strength

: 5 (As of Jun. 2022)
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Par Pacific Holdings has the Financial Strength Rank of 5.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Par Pacific Holdings's Interest Coverage for the quarter that ended in Jun. 2022 was 9.59. Par Pacific Holdings's debt to revenue ratio for the quarter that ended in Jun. 2022 was 0.10. As of today, Par Pacific Holdings's Altman Z-Score is 1.94.


Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Par Pacific Holdings's Financial Strength, along with its competitors' market caps and Financial Strength 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.

   

Par Pacific Holdings Financial Strength Distribution

For the Oil & Gas industry and Energy sector, Par Pacific Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where Par Pacific Holdings's Financial Strength falls into.



Par Pacific Holdings Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Par Pacific Holdings's Interest Expense for the months ended in Jun. 2022 was $-18 Mil. Its Operating Income for the months ended in Jun. 2022 was $174 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $804 Mil.

Par Pacific Holdings's Interest Coverage for the quarter that ended in Jun. 2022 is

Interest Coverage=-1*Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*174.044/-18.154
=9.59

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Par Pacific Holdings's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(62.552 + 803.859) / 8425.328
=0.10

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Par Pacific Holdings has a Z-score of 1.94, indicating it is in Grey Zones. This implies that Par Pacific Holdings is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.

Warning Sign:

Altman Z-score of 1.94 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

* 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.


Par Pacific Holdings  (NYSE:PARR) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Par Pacific Holdings has the Financial Strength Rank of 5.


Par Pacific Holdings Financial Strength Related Terms

Thank you for viewing the detailed overview of Par Pacific Holdings's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Par Pacific Holdings Business Description

Par Pacific Holdings logo
Traded in Other Exchanges
Address
825 Town & Country Lane, Suite 1500, Houston, TX, USA, 77024
Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments namely Refining, Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operation licenses out brands to serve the retail consumer. Through the Logistics segment, crude shipments are delivered to the refinery, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.
Executives
Creamer Richard officer: See Remarks 825 TOWN & COUNTRY LANE, SUITE 1500 HOUSTON TX 77024
Hollis Jeffrey Ryan officer: General Counsel and Secretary 825 TOWN & COUNTRY LANE, SUITE 825 HOUSTON TX 77024
Davidson Phillip S director 825 TOWN & COUNTRY LANE, SUITE 1500 HOUSTON TX 77024
Chase Anthony R director 10307 PACIFIC CENTER COURT SAN DIEGO CA 92121
Wright Eric officer: See Remarks 825 TOWN & COUNTRY LANE SUITE 1500 HOUSTON TX 77024
Hatcher Katherine director 825 TOWN AND COUNTRY LANE SUITE 1500 HOUSTON TX 77024
Guerra Ivan Daniel officer: Corporate Controller 800 GESSNER RD. SUITE 875 HOUSTON TX 77024
Israel Joseph director, officer: Vice President 7616 LBJ FREEWAY SUITE 300 DALLAS TX 75251
Yates Jim officer: Senior Vice President ONE MEMORIAL PLAZA 800 GESSNER ROAD SUITE 875 HOUSTON TX 77024
Micklas Christopher M. officer: Chief Financial Officer ONE MEMORIAL CITY PLAZA 800 GESSNER ROAD, SUITE 875 HOUSTON TX 77024
Rosser Kelly officer: VP and Chief Accoun. Officer ONE MEMORIAL CITY PLAZA 800 GESSNER ROAD, SUITE 875 HOUSTON TX 77024
Egi Investors, L.l.c. 10 percent owner 2 NORTH RIVERSIDE PLAZA SUITE 600 CHICAGO IL 60606
Monteleone William director, officer: Senior VP of M&A TWO NORTH RIVERSIDE PLAZA SUITE 600 CHICAGO IL 60606
Zcof Par Petroleum Holdings, L.l.c. 10 percent owner TWO NORTH RIVERSIDE PLAZA SUITE 600 CHICAGO IL 60606
Zell Credit Opportunities Master Fund, L.p. 10 percent owner 2 NORTH RIVERSIDE PLAZA SUITE 600 CHICAGO IL 60606

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