CVR Partners, LP (UAN) Balance Sheet

According to quarterly balance sheet data, UAN has maintained a relatively stable total asset base hovering near $1.0B, suggesting that despite significant seasonal fluctuations in working capital and cash, the underlying industrial footprint remains consistent with the firm's long-term production capacity and operational scale.

Based on reported financial statements, UAN maintains a lean debt profile with a debt-to-equity ratio that has fluctuated between 1.82 and 2.23, suggesting that management prioritizes a conservative capital structure to preserve flexibility for variable distributions despite the inherent volatility of the nitrogen fertilizer market.

As reported in recent filings, the current ratio has demonstrated significant volatility, ranging from 2.10 to 3.45, which highlights the company's reliance on seasonal inventory management and the timing of cash collections relative to the peak spring and fall agricultural application windows.

Data from the balance sheet indicates that the vast majority of UAN's asset base is comprised of net property, plant, and equipment, which totaled $704.4M in 2026Q1, underscoring the capital-intensive nature of the business and the critical importance of ongoing maintenance for operational reliability.