Kyndryl Holdings Inc (KD)
Debt-to-assets ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Dec 31, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,900,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 280,000 |
| Total assets | US$ in thousands | 10,590,000 | 10,969,000 | 10,602,000 | 10,986,000 | 11,464,000 | 11,851,000 | 11,629,000 | 12,304,000 | 13,213,000 | 12,063,000 |
| Debt-to-assets ratio | 0.27 | 0.27 | 0.28 | 0.27 | 0.26 | 0.25 | 0.26 | 0.24 | 0.23 | 0.02 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,900,000K ÷ $10,590,000K
= 0.27
The debt-to-assets ratio for Kyndryl Holdings Inc has been relatively stable over the past few quarters, ranging between 0.23 and 0.28. This ratio indicates the proportion of the company's assets that are financed by debt, with a lower ratio generally seen as favorable as it suggests lower financial risk.
From December 2021 to March 2023, the debt-to-assets ratio showed a gradual increase from 0.02 to 0.26, indicating a higher reliance on debt to finance assets during this period. However, the ratio remained within a reasonable range, suggesting that the company has been managing its debt levels effectively.
The ratio remained stable at 0.26 and 0.27 in the first two quarters of 2023, indicating a consistent balance between debt and assets within the company's capital structure. Overall, the trend in the debt-to-assets ratio for Kyndryl Holdings Inc suggests a cautious approach to debt management, with a relatively conservative level of leverage compared to the company's total assets.
Peer comparison
Mar 31, 2024