Kinder Morgan Inc (KMI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 29,881,000 | 28,067,000 | 28,403,000 | 30,674,000 | 32,131,000 |
| Total assets | US$ in thousands | 71,407,000 | 71,020,000 | 70,078,000 | 70,416,000 | 71,973,000 |
| Debt-to-assets ratio | 0.42 | 0.40 | 0.41 | 0.44 | 0.45 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $29,881,000K ÷ $71,407,000K
= 0.42
The debt-to-assets ratio of Kinder Morgan Inc has shown a declining trend over the years, decreasing from 0.45 in 2020 to 0.42 in 2024. This indicates that the company's level of debt relative to its total assets has slightly improved over the period. A lower debt-to-assets ratio generally suggests that the company has a more conservative financial structure, with a smaller proportion of its assets financed by debt. However, it's important to consider the industry norms and compare the ratio with competitors to gain a better understanding of Kinder Morgan Inc's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2024