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