Kinder Morgan Inc (KMI)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.49 | 0.46 | 0.37 | 0.50 | 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 |
| Quick ratio | 0.31 | 0.29 | 0.24 | 0.33 | 0.26 | 0.25 | 0.32 | 0.37 | 0.38 | 0.39 | 0.32 | 0.28 | 0.50 | 0.29 | 0.57 | 0.63 | 0.50 | 0.41 | 0.31 | 0.28 |
| 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 |
Kinder Morgan Inc's current ratio has fluctuated over the years, ranging from a low of 0.39 on September 30, 2023, to a high of 0.85 on June 30, 2021. Despite some variability, the current ratio has generally remained below 1, indicating that the company may have difficulty meeting its short-term obligations with its current assets alone.
The quick ratio, which excludes inventory from current assets, also shows variability, with values ranging from 0.24 on June 30, 2024, to 0.63 on March 31, 2021. The quick ratio generally stayed below 1, indicating that Kinder Morgan Inc may have limited ability to cover its short-term liabilities with its most liquid assets.
Furthermore, the cash ratio, which measures the most liquid current assets against current liabilities, demonstrates similar fluctuations. The cash ratio ranged from a low of 0.01 on September 30, 2023, to a high of 0.33 on March 31, 2021. This suggests that the company's ability to cover its current liabilities solely with cash and cash equivalents has been limited.
Overall, the liquidity ratios of Kinder Morgan Inc indicate a challenging liquidity position, with the company potentially facing difficulties in meeting its short-term financial obligations using its current assets and cash reserves.
See also:
Additional liquidity measure
| 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 conversion cycle | days | -21.90 | -18.30 | -11.12 | 0.41 | -14.35 | -13.62 | 0.75 | 6.65 | 6.88 | 9.32 | 8.48 | 13.72 | 8.36 | -8.10 | -1.52 | -5.51 | -8.54 | -14.64 | -5.79 | -8.67 |
The cash conversion cycle of Kinder Morgan Inc has fluctuated over the periods analyzed. The data indicates that the company's cash conversion cycle has been negative for most of the periods, which suggests that Kinder Morgan has been able to convert its investments in raw materials and other inputs into cash relatively quickly.
Specifically, the cash conversion cycle ranged from -21.90 days to 13.72 days during the period analyzed. Negative values signify that Kinder Morgan was able to convert its raw materials into cash faster than it took to pay its suppliers and had short cash-to-cash cycles. However, the positive values in the later periods show that there was a reversal in the trend, indicating potential delays in converting investments into cash.
Overall, analyzing the cash conversion cycle provides insights into how effectively Kinder Morgan manages its working capital, inventory, and accounts receivable, highlighting the company's ability to efficiently generate cash, albeit with some variability in cycle efficiency over time.