Kirby Corporation (KEX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,351,810 | 3,302,330 | 3,261,460 | 3,215,650 | 3,185,430 | 3,158,080 | 3,112,810 | 3,085,140 | 3,045,170 | 2,975,360 | 2,929,740 | 2,911,860 | 2,888,780 | 2,846,220 | 3,105,330 | 3,088,740 | 3,087,550 | 3,075,260 | 3,048,880 | 3,124,530 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,351,810K)
= 0.00
Kirby Corporation's debt-to-capital ratio has consistently been reported as 0.00 since March 31, 2020, up to December 31, 2024. This indicates that the company has not had any debt as a component of its capital structure during this period. A debt-to-capital ratio of 0.00 implies that Kirby Corporation's capital structure is primarily composed of equity and not financed by debt. This may suggest a conservative financial strategy, as the company is not relying on borrowed funds to support its operations or growth. It also indicates a strong financial position with lower financial risk, as the company does not have debt obligations to service.
Peer comparison
Dec 31, 2024