Kinder Morgan Inc (KMI)
Quick ratio
| 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 | US$ in thousands | 88,000 | 108,000 | 98,000 | 119,000 | 83,000 | 80,000 | 497,000 | 416,000 | 745,000 | 483,000 | 100,000 | 84,000 | 1,140,000 | 102,000 | 1,365,000 | 1,377,000 | 1,184,000 | 632,000 | 526,000 | 360,000 |
| Short-term investments | US$ in thousands | — | — | 24,000 | — | 199,000 | 8,000 | 14,000 | 8,000 | 1,000 | 42,000 | 65,000 | 93,000 | 113,000 | 127,000 | 118,000 | 126,000 | 0 | 0 | 0 | 0 |
| Receivables | US$ in thousands | 1,506,000 | 1,265,000 | 1,293,000 | 1,404,000 | 1,588,000 | 1,502,000 | 1,284,000 | 1,321,000 | 1,882,000 | 1,873,000 | 2,063,000 | 1,661,000 | 1,653,000 | 1,433,000 | 1,416,000 | 1,425,000 | 1,340,000 | 1,142,000 | 1,073,000 | 1,186,000 |
| Total current liabilities | US$ in thousands | 5,101,000 | 4,731,000 | 5,958,000 | 4,575,000 | 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 |
| 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($88,000K
+ $—K
+ $1,506,000K)
÷ $5,101,000K
= 0.31
The quick ratio of Kinder Morgan Inc has exhibited fluctuations over the periods in review. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
On December 31, 2024, the quick ratio was 0.31, indicating that the company had $0.31 in liquid assets for every $1 of current liabilities. This was a slight improvement from the quick ratio of 0.24 on June 30, 2024.
The quick ratio reached its highest point of 0.63 on March 31, 2021, suggesting that the company had an increased ability to cover its short-term obligations with liquid assets at that point in time.
However, there were periods of lower quick ratios, such as on September 30, 2021, when the quick ratio dropped to 0.29, indicating potential liquidity challenges in meeting short-term liabilities.
Overall, the fluctuating trend in the quick ratio of Kinder Morgan Inc reflects changes in the company's liquidity position and ability to fulfill its immediate financial obligations over the periods under consideration.
Peer comparison
Dec 31, 2024