Kirby Corporation (KEX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 5,851,950 | 5,722,200 | 5,554,920 | 5,399,060 | 5,924,170 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,851,950K
= 0.00
The debt-to-assets ratio of Kirby Corporation has consistently remained at 0.00 over the years from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period, implying a low level of financial leverage. A debt-to-assets ratio of 0.00 suggests that the company relies on equity financing to support its operations and investments, which can be viewed positively as it signifies a lower risk of financial distress due to debt obligations. However, it is important to consider other factors such as the cost of capital and the company's growth strategy when evaluating the overall financial health and performance of Kirby Corporation.
Peer comparison
Dec 31, 2024