KBR Inc (KBR)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,801,000 | 1,516,000 | 1,628,000 | 1,374,000 | 1,376,000 | 1,722,000 | 1,746,000 | 1,870,000 | 1,875,000 | 1,578,000 | 1,585,000 | 1,586,000 | 1,584,000 | 1,314,000 | 1,065,000 | 1,053,000 | 1,183,000 | 1,185,000 | 1,188,000 | 1,223,000 |
| Total stockholders’ equity | US$ in thousands | 1,383,000 | 1,554,000 | 1,615,000 | 1,644,000 | 1,620,000 | 1,563,000 | 1,586,000 | 1,564,000 | 1,669,000 | 1,486,000 | 1,469,000 | 1,646,000 | 1,580,000 | 1,688,000 | 1,615,000 | 1,630,000 | 1,839,000 | 1,797,000 | 1,774,000 | 1,773,000 |
| Debt-to-capital ratio | 0.57 | 0.49 | 0.50 | 0.46 | 0.46 | 0.52 | 0.52 | 0.54 | 0.53 | 0.52 | 0.52 | 0.49 | 0.50 | 0.44 | 0.40 | 0.39 | 0.39 | 0.40 | 0.40 | 0.41 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,801,000K ÷ ($1,801,000K + $1,383,000K)
= 0.57
The debt-to-capital ratio of KBR Inc has shown fluctuations over the past five years, ranging from 0.39 to 0.57. The ratio measures the proportion of the company's capital that is financed by debt, with a higher ratio indicating a greater reliance on debt financing.
In recent quarters, the debt-to-capital ratio has been relatively stable, hovering around the 0.50 mark. This suggests that KBR Inc maintains a balance between debt and equity in its capital structure. It is also important to note that the ratio has remained below 0.60, indicating that the company is not overly leveraged.
Overall, the trend in KBR Inc's debt-to-capital ratio indicates a moderate level of debt usage in its capital structure, which may provide the company with financial flexibility while managing its debt obligations.
Peer comparison
Dec 31, 2023