Kinder Morgan Inc (KMI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,521,000 | 2,542,000 | 3,803,000 | 3,829,000 | 3,203,000 |
| Total current liabilities | US$ in thousands | 5,101,000 | 7,221,000 | 6,930,000 | 5,821,000 | 5,074,000 |
| Current ratio | 0.49 | 0.35 | 0.55 | 0.66 | 0.63 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,521,000K ÷ $5,101,000K
= 0.49
The current ratio of Kinder Morgan Inc, which measures the company's ability to meet short-term obligations with its current assets, has shown fluctuations over the years. As of December 31, 2020, the ratio was 0.63, indicating that the company had $0.63 in current assets for every $1 in current liabilities. By December 31, 2021, the current ratio improved slightly to 0.66, suggesting a stronger position in meeting short-term obligations.
However, there was a significant decrease in the current ratio to 0.55 by December 31, 2022, which may raise concerns about the company's liquidity and ability to cover short-term liabilities. This downward trend continued as of December 31, 2023, with a current ratio of 0.35, signaling potential difficulties in meeting immediate financial obligations.
The current ratio saw a slight improvement to 0.49 as of December 31, 2024, but it still remained below 1, indicating that Kinder Morgan Inc may have challenges in paying off its short-term debts using its current assets. Overall, the fluctuating nature of the current ratio over the years suggests a need for careful monitoring of the company's liquidity position and management of short-term obligations.
Peer comparison
Dec 31, 2024