Kinder Morgan Inc (KMI)

Cash ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents US$ in thousands 83,000 80,000 497,000 416,000 745,000 483,000 100,000 84,000 1,140,000 102,000 1,365,000 1,377,000 1,184,000 632,000 526,000 360,000 185,000 241,000 213,000 221,000
Short-term investments US$ in thousands 199,000 8,000 14,000 8,000 1,000 42,000 65,000 7,545,000 7,578,000 7,620,000 0 0 0 0 925,000
Total current liabilities US$ in thousands 7,221,000 6,251,000 5,603,000 4,775,000 6,930,000 6,148,000 6,892,000 6,450,000 5,821,000 5,825,000 5,059,000 4,618,000 5,074,000 4,376,000 5,202,000 5,608,000 5,100,000 13,726,000 5,659,000 5,009,000
Cash ratio 0.04 0.01 0.09 0.09 0.11 0.09 0.02 1.18 1.50 1.33 0.27 0.30 0.23 0.14 0.10 0.06 0.22 0.02 0.04 0.04

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($83,000K + $199,000K) ÷ $7,221,000K
= 0.04

The cash ratio of Kinder Morgan Inc has shown some fluctuations over the past eight quarters. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents.

In Q4 2023 and Q3 2023, the cash ratio remained constant at 0.06, indicating that the company had $0.06 in cash and cash equivalents for every $1 of current liabilities. This suggests that Kinder Morgan Inc may have had limited liquidity to cover its short-term obligations during this period.

In Q2 2023, the cash ratio increased to 0.15, but then decreased slightly to 0.16 in Q1 2023. This improvement in the cash ratio suggests that the company may have had better liquidity to meet its short-term liabilities during the second quarter of 2023.

Comparing the recent quarters to the previous year, the cash ratio seems to have decreased overall from Q4 2022 to Q1 2022. The cash ratio was highest in Q4 2022 at 0.18 before gradually declining to 0.08 by Q1 2022.

Overall, the fluctuating cash ratio of Kinder Morgan Inc indicates varying levels of liquidity and the company's ability to manage its short-term liabilities with its available cash reserves. It is important for investors and stakeholders to monitor this ratio to assess the company's short-term financial health and liquidity position.


Peer comparison

Dec 31, 2023


See also:

Kinder Morgan Inc Cash Ratio (Quarterly Data)