Kirby Corporation (KEX)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 5,851,950 | 5,870,720 | 5,865,900 | 5,775,840 | 5,722,200 | 5,682,880 | 5,574,580 | 5,574,750 | 5,554,920 | 5,456,300 | 5,405,160 | 5,382,790 | 5,399,060 | 5,389,880 | 5,767,820 | 5,788,090 | 5,924,170 | 5,981,120 | 6,017,010 | 6,137,580 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 as per the financial data provided. This indicates that the company has not utilized any debt to finance its assets and operates with a debt-free capital structure. A debt-to-assets ratio of 0.00 typically implies that the company has relied solely on equity financing, which may suggest a conservative financial strategy aimed at minimizing financial risk and maintaining strong financial stability. This ratio reflects a strong financial position where the company's assets are primarily funded through equity, signaling a low level of financial leverage. Overall, a consistent debt-to-assets ratio of 0.00 demonstrates Kirby Corporation's ability to manage its capital structure effectively without taking on significant debt obligations.
Peer comparison
Dec 31, 2024