Kirby Corporation (KEX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,851,950 | 5,722,200 | 5,554,920 | 5,399,060 | 5,924,170 |
| Total stockholders’ equity | US$ in thousands | 3,303,610 | 3,185,430 | 3,045,170 | 2,888,780 | 3,087,550 |
| Financial leverage ratio | 1.77 | 1.80 | 1.82 | 1.87 | 1.92 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,851,950K ÷ $3,303,610K
= 1.77
The financial leverage ratio of Kirby Corporation has shown a declining trend over the past five years, decreasing from 1.92 in 2020 to 1.77 in 2024. This indicates that the company has been relying less on debt financing relative to equity to support its operations. A lower financial leverage ratio is generally considered favorable as it signifies a lower level of financial risk and a stronger financial position. Kirby Corporation's gradual reduction in its leverage ratio suggests a prudent approach to managing its capital structure and debt levels. Overall, the trend in the financial leverage ratio reflects a potentially healthier balance between debt and equity in Kirby Corporation's capital structure over the years.
Peer comparison
Dec 31, 2024