Kinder Morgan Inc (KMI)

Current 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
Total current assets	US$ in thousands	2,542,000	2,433,000	2,718,000	2,696,000	3,803,000	3,819,000	3,608,000	3,033,000	3,829,000	2,686,000	4,283,000	3,734,000	3,203,000	2,672,000	2,490,000	3,096,000	3,238,000	2,365,000	2,300,000	2,262,000
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
Current ratio		0.35	0.39	0.49	0.56	0.55	0.62	0.52	0.47	0.66	0.46	0.85	0.81	0.63	0.61	0.48	0.55	0.63	0.17	0.41	0.45

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,542,000K ÷ $7,221,000K
= 0.35

The current ratio of Kinder Morgan Inc has shown some variability over the past eight quarters, ranging from 0.35 to 0.62. A declining trend is observed in the current ratio from Q1 2022 (0.47) to Q4 2023 (0.35). This implies that the company may be facing challenges managing its short-term liabilities relative to its current assets.

A current ratio below 1.0 generally indicates that a company may have difficulties meeting its short-term obligations using its current assets alone. With the current ratio consistently below 1.0 in recent quarters, Kinder Morgan Inc may need to closely monitor its liquidity position and consider strategies to improve its ability to cover immediate financial obligations.

It is crucial for investors and stakeholders to track the company's progress in addressing liquidity concerns to ensure the sustainability of its operations and financial health.