HF Sinclair Corporation (DINO) Balance Sheet

NYSE: DINOAssets, liabilities, debt and equity over 10 years.

DINO balance sheet, 2025

December 31, 2025 · U.S. dollars

$16.73B assets = $7.48B liabilities + $9.25B equity

Both columns are drawn to the same scale: what DINO owns equals what it owes plus shareholders’ equity. Hover a block for its value.

DINO financial health

Current ratio1.94

Comfortable · current assets cover current liabilities 1.94×

Debt / equity0.35

Low leverage · $0.35 of debt for each $1 of equity

Equity / assets54.9%

Equity-funded · of assets funded by shareholders

Cash / debt30.3%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles19.6%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

DINO balance sheet trends, 2016–2025

HF Sinclair Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$9.44B2016	$16.73B2025	+6.6%/yr
Total liabilities	$4.13B2016	$7.48B2025	+6.8%/yr
Shareholders’ equity	$5.30B2016	$9.18B2025	+6.3%/yr
Cash & short-term investments	$1.13B2016	$978.0M2025	−1.6%/yr
Total debt	$2.24B2016	$3.23B2025	+4.2%/yr
Net cash (debt)	−$1.10B2016	−$2.25B2025	−$1.2B
Working capital	$1.77B2016	$2.33B2025	+$559.2M
Book value per share	$30.112016	$49.252025	+5.6%/yr
Current ratio	2.632016	1.942025	−0.70
Debt / equity	0.422016	0.352025	−0.07
Shares outstanding	176.1M2016	186.5M2025	+0.6%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

DINO assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

DINO liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

DINO debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

DINO balance sheet

HF Sinclair Corporation annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$978.0M	$800.0M	$1.35B	$1.67B	$234.4M	$1.37B	$885.2M	$1.15B	$630.8M	$1.13B
Cash & equivalents	$978.0M	$800.0M	$1.35B	$1.67B	$234.4M	$1.37B	$885.2M	$1.15B	$630.8M	$710.6M
Short-term investments	—	—	—	—	—	—	—	—	$0	$424.1M
Receivables	$1.18B	$1.32B	$1.73B	$1.76B	$1.24B	$630.0M	$879.7M	$705.7M	$765.1M	$547.6M
Inventory	$2.57B	$2.80B	$2.92B	$3.21B	$2.12B	$1.17B	$1.47B	$1.35B	$1.63B	$1.14B
Other current assets	$78.0M	$95.0M	$145.8M	$112.0M	$164.0M	$138.9M	$67.1M	$81.5M	$36.9M	$33.0M
Total current assets	$4.81B	$5.01B	$6.15B	$6.75B	$3.76B	$3.31B	$3.31B	$3.30B	$3.06B	$2.85B
Property, plant & equipment (net)	$6.88B	$6.91B	$6.97B	$7.04B	$5.81B	$4.92B	$5.29B	$4.68B	$4.71B	$4.01B
Goodwill & intangible assets	$3.28B	$3.33B	$3.39B	$3.44B	$2.59B	$2.63B	$2.75B	$2.43B	$2.45B	$2.06B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$1.76B	$1.39B	$1.21B	$1.12B	$751.0M	$643.7M	$821.4M	$586.9M	$470.2M	$517.2M
Total assets	$16.73B	$16.64B	$17.72B	$18.35B	$12.92B	$11.51B	$12.16B	$10.99B	$10.69B	$9.44B
Liabilities
Accounts payable	$1.90B	$2.24B	$2.21B	$2.33B	$1.61B	$1.00B	$1.22B	$872.6M	$1.22B	$935.4M
Short-term debt	$99.0M	$438.0M	$155.0M	$467.4M	$110.6M	$97.9M	$104.4M	$33.0M	$179,000	$2.24B
Deferred revenue	—	—	−$107.0M	$1.26B	—	—	—	$33.0M	$179,000	—
Total current liabilities	$2.48B	$3.04B	$2.77B	$3.25B	$2.07B	$1.38B	$1.69B	$1.17B	$1.42B	$1.08B
Long-term debt	$2.77B	$2.29B	$2.74B	$2.95B	$3.07B	$3.14B	$2.46B	$2.41B	$2.50B	$2.24B
Lease obligations	$463.0M	$460.0M	$356.5M	$364.1M	$419.4M	$383.7M	$468.8M	—	—	$0
Other long-term liabilities	$2.23B	$1.97B	$1.97B	$2.14B	$1.48B	$1.27B	$1.51B	$955.8M	$873.5M	$815.3M
Total liabilities	$7.48B	$7.30B	$7.48B	$8.33B	$6.62B	$5.78B	$5.66B	$4.54B	$4.80B	$4.13B
Shareholders' equity
Common stock & paid-in capital	$2.0M	$2.0M	$2.2M	$2.2M	$2.6M	$2.6M	$2.6M	$2.6M	$4.14B	$4.03B
Retained earnings (deficit)	$5.37B	$5.17B	$5.38B	$4.13B	$4.41B	$3.91B	$4.74B	$4.20B	$3.35B	$2.78B
Treasury stock	—	—	—	—	−$2.95B	−$2.97B	−$2.99B	−$2.49B	−$2.14B	−$2.14B
Accumulated other comprehensive income	−$26.0M	−$47.0M	−$11.8M	−$22.0M	$2.7M	$13.5M	$14.8M	$13.6M	$29.9M	$10.6M
Minority interest	$65.0M	$68.0M	$68.0M	$773.8M	$606.6M	$553.8M	$531.2M	$540.5M	$526.1M	$620.6M
Total shareholders' equity	$9.18B	$9.28B	$10.17B	$9.24B	$5.69B	$5.17B	$5.98B	$6.46B	$5.90B	$5.30B
Key figures
Total debt	$3.23B	$3.10B	$3.22B	$3.72B	$3.55B	$3.53B	$2.93B	$2.44B	$2.50B	$2.24B
Net cash (debt)	−$2.25B	−$2.30B	−$1.86B	−$2.06B	−$3.31B	−$2.16B	−$2.04B	−$1.29B	−$1.87B	−$1.10B
Working capital	$2.33B	$1.97B	$3.37B	$3.50B	$1.70B	$1.94B	$1.62B	$2.13B	$1.64B	$1.77B
Tangible book value	$5.91B	$5.95B	$6.78B	$5.80B	$3.10B	$2.54B	$3.23B	$4.03B	$3.45B	$3.24B
Book value per share	$49.25	$48.30	$53.51	$45.63	$34.99	$31.91	$35.72	$36.56	$33.28	$30.11
Shares outstanding	186.5M	192.1M	190.0M	202.6M	162.6M	162.0M	167.4M	176.7M	177.2M	176.1M
Current ratio	1.94	1.65	2.22	2.08	1.82	2.41	1.96	2.82	2.15	2.63
Quick ratio	0.87	0.70	1.11	1.05	0.71	1.45	1.05	1.59	0.98	1.55
Debt / equity	0.35	0.33	0.32	0.40	0.62	0.68	0.49	0.38	0.42	0.42
Equity / assets	54.9%	55.7%	57.4%	50.4%	44.0%	44.9%	49.1%	58.7%	55.2%	56.2%

HF Sinclair Corporation quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$2.26B	$1.15B	$978.0M	$1.45B	$874.0M	$547.0M	$800.0M	$1.23B	$866.3M	$1.24B	$1.35B	$2.21B
Cash & equivalents	$2.26B	$1.15B	$978.0M	$1.45B	$874.0M	$547.0M	$800.0M	$1.23B	$866.3M	$1.24B	$1.35B	$2.21B
Receivables	$1.59B	$1.90B	$1.18B	$1.35B	$1.41B	$1.38B	$1.32B	$1.38B	$1.72B	$1.86B	$1.73B	$1.95B
Inventory	$2.92B	$2.90B	$2.57B	$2.78B	$2.81B	$2.98B	$2.80B	$2.69B	$3.16B	$3.13B	$2.92B	$3.13B
Other current assets	$613.0M	$493.0M	$78.0M	$62.0M	$75.0M	$86.0M	$95.0M	$63.5M	$99.7M	$94.3M	$145.8M	$104.7M
Total current assets	$7.39B	$6.44B	$4.81B	$5.64B	$5.17B	$4.99B	$5.01B	$5.36B	$5.84B	$6.32B	$6.15B	$7.40B
Property, plant & equipment (net)	$11.88B	$11.84B	$6.88B	$6.87B	$6.88B	$6.86B	$6.91B	$6.91B	$6.92B	$6.98B	$6.97B	$6.91B
Goodwill & intangible assets	$3.68B	$3.69B	$3.28B	$3.91B	$3.90B	$3.90B	$3.33B	$3.92B	$3.94B	$3.95B	$3.39B	$3.94B
Long-term investments	$0	$254.0M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$0	$0	$1.76B	$840.0M	$888.0M	$794.0M	$1.39B	$701.8M	$676.0M	$660.3M	$1.21B	$658.1M
Total assets	$18.99B	$18.17B	$16.73B	$17.26B	$16.84B	$16.54B	$16.64B	$16.89B	$17.38B	$17.92B	$17.72B	$18.90B
Liabilities
Accounts payable	$2.49B	$2.68B	$1.90B	$2.21B	$2.21B	$2.12B	$2.24B	$2.02B	$2.17B	$2.28B	$2.21B	$2.37B
Short-term debt	$90.0M	$107.0M	$99.0M	$99.0M	$144.0M	$89.0M	$438.0M	$438.9M	$213.5M	$230.2M	$155.0M	$454.8M
Deferred revenue	—	—	—	—	—	—	—	$19.9M	−$88.9M	$57.4M	—	−$2.37B
Total current liabilities	$3.75B	$3.59B	$2.48B	$2.95B	$2.84B	$2.66B	$3.04B	$2.96B	$2.76B	$2.92B	$2.77B	$3.48B
Long-term debt	$0	$2.77B	$2.77B	$2.77B	$2.68B	$2.68B	$2.29B	$2.29B	$2.64B	$2.68B	$2.74B	$2.86B
Lease obligations	—	$483.0M	$463.0M	$473.0M	$471.0M	$449.0M	$460.0M	$470.3M	$393.3M	$407.3M	$356.5M	$335.0M
Other long-term liabilities	$4.90B	$2.08B	$2.23B	$2.05B	$1.98B	$1.95B	$1.97B	$1.97B	$2.03B	$2.04B	$1.97B	$1.95B
Total liabilities	$8.64B	$8.44B	$7.48B	$7.77B	$7.50B	$7.29B	$7.30B	$7.22B	$7.42B	$7.64B	$7.48B	$8.29B
Shareholders' equity
Common stock & paid-in capital	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.2M	$2.2M	$2.2M	$2.2M	$2.2M
Retained earnings (deficit)	$6.73B	$5.93B	$5.37B	$5.49B	$5.18B	$5.07B	$5.17B	$5.48B	$5.65B	$5.59B	$5.38B	$5.52B
Accumulated other comprehensive income	−$46.0M	−$34.0M	−$26.0M	−$27.0M	−$20.0M	−$44.0M	−$47.0M	−$19.3M	−$27.3M	−$22.3M	−$11.8M	−$24.7M
Minority interest	—	$65.0M	$65.0M	$65.0M	$66.0M	$66.0M	—	—	—	—	—	—
Total shareholders' equity	$10.29B	$9.66B	$9.18B	$9.43B	$9.28B	$9.19B	$9.28B	$9.60B	$9.89B	$10.21B	$10.17B	$9.82B
Key figures
Total debt	$2.86B	$3.25B	$3.23B	$3.24B	$3.19B	$3.12B	$3.10B	$3.11B	$3.15B	$3.22B	$3.22B	$3.54B
Net cash (debt)	−$599.0M	−$2.11B	−$2.25B	−$1.79B	−$2.32B	−$2.58B	−$2.30B	−$1.88B	−$2.29B	−$1.98B	−$1.86B	−$1.32B
Working capital	$3.64B	$2.85B	$2.33B	$2.69B	$2.33B	$2.32B	$1.97B	$2.39B	$3.08B	$3.40B	$3.37B	$3.93B
Tangible book value	$6.61B	$5.98B	$5.91B	$5.52B	$5.38B	$5.29B	$5.95B	$5.68B	$5.95B	$6.25B	$6.78B	$5.89B
Book value per share	$57.32	$53.49	$50.23	$50.56	$49.29	$48.74	$48.30	$50.59	$51.64	$51.37	$54.37	$52.98
Shares outstanding	179.4M	180.7M	182.8M	186.5M	188.3M	188.5M	192.1M	189.8M	191.5M	198.7M	187.0M	185.5M
Current ratio	1.97	1.79	1.94	1.91	1.82	1.87	1.65	1.81	2.12	2.17	2.22	2.13
Quick ratio	1.03	0.85	0.87	0.95	0.80	0.72	0.70	0.88	0.94	1.06	1.11	1.20
Debt / equity	0.28	0.34	0.35	0.34	0.34	0.34	0.33	0.32	0.32	0.32	0.32	0.36
Equity / assets	54.1%	53.2%	54.9%	54.6%	55.1%	55.5%	55.7%	56.9%	56.9%	57.0%	57.4%	52.0%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.

DINO financial position

At the end of fiscal 2025 (December 31, 2025), HF Sinclair had total assets of $16.7 billion (up 0.5% from a year earlier), total liabilities of $7.5 billion and shareholders' equity of $9.2 billion. It held $978.0 million in cash and short-term investments against $3.2 billion of debt, net debt of $2.3 billion. Its current ratio was 1.94. In the latest quarter (ended June 30, 2026) total assets were $19.0 billion and equity $10.3 billion.

Related: DINO income statement, DINO cash flow statement, DINO key metrics. See the DINO stock overview for the latest quote and news.

DINO balance sheet FAQ

What are HF Sinclair's total assets?

HF Sinclair reported total assets of $16.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $16.6 billion a year earlier.

How much debt does HF Sinclair have?

HF Sinclair had $3.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.35.

How much cash does HF Sinclair have?

HF Sinclair held $978.0 million in cash and short-term investments at the end of fiscal 2025; with $3.2 billion of debt that is net debt of $2.3 billion.

What is HF Sinclair's book value?

HF Sinclair's shareholders' equity (book value) was $9.2 billion at the end of fiscal 2025, or $49.25 per share.

What is HF Sinclair's current ratio?

HF Sinclair had current assets of $4.8 billion and current liabilities of $2.5 billion, a current ratio of 1.94 (it can cover its short-term obligations).

How much goodwill does HF Sinclair have?

HF Sinclair carried $3.3 billion of goodwill and intangible assets, 19.6% of total assets, at the end of fiscal 2025.