Kodiak Gas Services, Inc. (KGS)

Debt-to-equity ratio

Jun 30, 2025 Mar 31, 2025 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,348,470 1,343,830 1,359,910 1,246,550 1,310,850 1,144,970 1,142,650 1,171,790 192,875 217,436 229,093
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

June 30, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,348,470K
= 0.00

The analysis of Kodiak Gas Services, Inc.'s debt-to-equity ratio reveals a consistent value of zero across all reported periods from December 31, 2022, through June 30, 2025. This indicates that the company has maintained a zero leverage position throughout this timeframe, reflecting no reported long-term or short-term debt in relation to its equity. Consequently, the company's capital structure appears to be entirely equity-financed, with no reliance on borrowed funds. The persistent absence of debt suggests a conservative approach to leverage management and implies that the company's operations have not necessitated or involved debt financing during this period.