KBR Inc (KBR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,801,000 | 1,376,000 | 1,875,000 | 1,584,000 | 1,183,000 |
| Total assets | US$ in thousands | 5,565,000 | 5,566,000 | 6,204,000 | 5,705,000 | 5,360,000 |
| Debt-to-assets ratio | 0.32 | 0.25 | 0.30 | 0.28 | 0.22 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,801,000K ÷ $5,565,000K
= 0.32
The debt-to-assets ratio of KBR Inc has shown a fluctuating trend over the past five years. In 2023, the ratio increased to 0.32 from 0.25 in 2022, indicating that the company's proportion of debt relative to its total assets has risen. This suggests that KBR Inc has taken on more debt in relation to its total assets in 2023 compared to the previous year. However, it is important to note that the ratio in 2023 is still lower than the levels seen in 2021 and 2020, where it stood at 0.30 and 0.28, respectively. This indicates that KBR Inc's debt levels relative to its total assets were higher in those years compared to 2023. Furthermore, the ratio in 2019 was the lowest at 0.22, signifying a lower level of debt relative to assets compared to the more recent years. Overall, while the debt-to-assets ratio has increased in 2023, it remains relatively moderate compared to previous years.
Peer comparison
Dec 31, 2023