Kinder Morgan Inc (KMI)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 83,000 | 745,000 | 1,140,000 | 1,184,000 | 185,000 |
| Short-term investments | US$ in thousands | — | 1,000 | 113,000 | 0 | 925,000 |
| Receivables | US$ in thousands | 1,588,000 | 1,882,000 | 1,653,000 | 1,340,000 | 1,408,000 |
| Total current liabilities | US$ in thousands | 7,221,000 | 6,930,000 | 5,821,000 | 5,074,000 | 5,100,000 |
| Quick ratio | 0.23 | 0.38 | 0.50 | 0.50 | 0.49 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($83,000K
+ $—K
+ $1,588,000K)
÷ $7,221,000K
= 0.23
The quick ratio of Kinder Morgan Inc has shown a declining trend over the past five years. As of December 31, 2023, the quick ratio stands at 0.28, indicating the company may have difficulty meeting its short-term obligations with its most liquid assets alone. Compared to the quick ratios of 0.45, 0.56, 0.56, and 0.56 for the previous four years, this decline suggests a potential worsening liquidity position for Kinder Morgan Inc. Further analysis of the company's current assets and liabilities is recommended to better understand the factors contributing to the decreasing quick ratio and assess the overall financial health of the company.
Peer comparison
Dec 31, 2023