Kirby Corporation (KEX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,303,610 | 3,185,430 | 3,045,170 | 2,888,780 | 3,087,550 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,303,610K)
= 0.00
Kirby Corporation has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing significantly in relation to its total capital structure during this period. A debt-to-capital ratio of 0.00 suggests that Kirby Corporation relies more on equity financing or has minimal debt obligations compared to its total capital. This could indicate a conservative financial policy aimed at reducing financial risk and ensuring financial stability. However, it is important to consider other financial metrics and factors to get a more comprehensive view of the company's financial health and performance.
Peer comparison
Dec 31, 2024