Market Cap : 1.18 B | Enterprise Value : 1.86 B | PE Ratio : 11.50 | PB Ratio : 4.22 |
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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.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.
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.
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.
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.
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.
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.
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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