Kinder Morgan Inc (KMI)
Cash ratio
| 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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 88,000 | 108,000 | 98,000 | 119,000 | 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 |
| Short-term investments | US$ in thousands | — | — | 24,000 | — | 199,000 | 8,000 | 14,000 | 8,000 | 1,000 | 42,000 | 65,000 | 93,000 | 113,000 | 127,000 | 118,000 | 126,000 | 0 | 0 | 0 | 0 |
| Total current liabilities | US$ in thousands | 5,101,000 | 4,731,000 | 5,958,000 | 4,575,000 | 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 |
| Cash ratio | 0.02 | 0.02 | 0.02 | 0.03 | 0.04 | 0.01 | 0.09 | 0.09 | 0.11 | 0.09 | 0.02 | 0.03 | 0.22 | 0.04 | 0.29 | 0.33 | 0.23 | 0.14 | 0.10 | 0.06 |
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 fluctuated over the past few years, indicating changes in its liquidity position. As of December 31, 2024, the cash ratio stood at 0.02, which means that for every dollar of current liabilities, the company has $0.02 in cash or cash equivalents. This suggests that the company may have a relatively lower level of liquidity to cover its short-term obligations.
The trend in the cash ratio shows variability, with some quarters showing higher ratios (e.g., March 31, 2021, at 0.33) and some lower ratios (e.g., September 30, 2021, at 0.04). The decrease in the cash ratio from September 30, 2021, to September 30, 2022, and the subsequent increase to December 31, 2022, indicate fluctuations in how much cash the company holds in relation to its current liabilities.
Overall, the varying cash ratios of Kinder Morgan Inc imply fluctuations in its ability to meet its short-term obligations using its available cash reserves. It is essential for investors and stakeholders to monitor these ratios alongside other liquidity metrics and financial indicators to assess the company's overall financial health and liquidity position.
Peer comparison
Dec 31, 2024