Kinder Morgan Inc (KMI)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 88,000 | 83,000 | 745,000 | 1,140,000 | 1,184,000 |
| Short-term investments | US$ in thousands | — | — | 1,000 | 113,000 | 0 |
| Total current liabilities | US$ in thousands | 5,101,000 | 7,221,000 | 6,930,000 | 5,821,000 | 5,074,000 |
| Cash ratio | 0.02 | 0.01 | 0.11 | 0.22 | 0.23 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($88,000K
+ $—K)
÷ $5,101,000K
= 0.02
The cash ratio of Kinder Morgan Inc has been showing a declining trend over the past five years. Starting at 0.23 on December 31, 2020, the ratio decreased to 0.22 by December 31, 2021, and further dropped to 0.11 by December 31, 2022. Subsequently, it significantly decreased to 0.01 by December 31, 2023, indicating a reduction in the company's ability to cover its short-term liabilities with its cash reserves. However, there was a slight improvement to 0.02 by December 31, 2024. This downward trend in the cash ratio suggests a potential liquidity challenge for Kinder Morgan Inc, signaling the need for close monitoring of its cash management and liquidity position.
Peer comparison
Dec 31, 2024