Kirby Corporation (KEX)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,351,810K
= 0.00
The debt-to-equity ratio of Kirby Corporation has been consistently reported as 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has no debt in its capital structure relative to its equity during this time frame. A debt-to-equity ratio of 0.00 suggests that Kirby Corporation is primarily financing its operations and growth through equity rather than debt. This could indicate financial stability and a conservative approach to capital structure management, as the absence of debt may reduce financial risk and interest expenses. It is important for stakeholders to consider other financial metrics and factors in conjunction with the debt-to-equity ratio to gain a thorough understanding of Kirby Corporation's financial health and performance.
Peer comparison
Dec 31, 2024