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.
Peer comparison
Dec 31, 2023