Kirby Corporation (KEX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,303,610K
= 0.00
Based on the provided data, Kirby Corporation has maintained a consistent debt-to-equity ratio of 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations or expansion activities during this period. A debt-to-equity ratio of 0.00 suggests that the company's capital structure is not reliant on debt and is primarily financed by equity. This could be a sign of a financially stable and low-risk company, as it is not burdened by high levels of debt that may impact its financial health and ability to meet its obligations. It also indicates that the company has a strong equity base relative to its debt obligations.
Peer comparison
Dec 31, 2024