Kodiak Gas Services, Inc. (KGS)
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 | 1,359,910 | 1,142,650 | 229,093 | 960,071 | 755,286 |
| 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 + $1,359,910K)
= 0.00
The debt-to-capital ratio for Kodiak Gas Services, Inc. remains consistently at 0.00 across the specified periods from December 31, 2020, through December 31, 2024. This indicates that the company has not employed any debt financing during this time frame and has funded its operations entirely through equity or internal sources. The persistent absence of debt implies a conservative capital structure, with no reliance on borrowed funds to finance assets or growth initiatives. This financial strategy potentially minimizes interest obligations and financial risk, but it may also limit leverage benefits that can be advantageous under certain growth or investment conditions.
Peer comparison
Dec 31, 2024