Kinder Morgan Inc (KMI)

Debt-to-assets 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
Long-term debt US$ in thousands 29,881,000 30,047,000 28,649,000 30,171,000 28,067,000 27,871,000 28,632,000 29,346,000 28,403,000 29,107,000 28,552,000 28,759,000 30,674,000 30,002,000 31,077,000 31,061,000 32,131,000 32,660,000 31,441,000 31,405,000
Total assets US$ in thousands 71,407,000 70,879,000 70,702,000 70,736,000 71,020,000 68,862,000 69,073,000 68,931,000 70,078,000 69,992,000 69,390,000 69,135,000 70,416,000 69,640,000 70,175,000 71,208,000 71,973,000 71,821,000 71,784,000 73,530,000
Debt-to-assets ratio 0.42 0.42 0.41 0.43 0.40 0.40 0.41 0.43 0.41 0.42 0.41 0.42 0.44 0.43 0.44 0.44 0.45 0.45 0.44 0.43

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, a key indicator of financial leverage, has shown a relatively stable trend over the past few years. Starting from 0.43 in March 2020, the ratio increased slightly to 0.45 by December 2020 before fluctuating around 0.44 in 2021. From March 2022 to December 2024, the ratio gradually declined from 0.42 to 0.42 with minor fluctuations in between.

Overall, the debt-to-assets ratio of Kinder Morgan Inc indicates that a significant portion of the company's assets is financed through debt. A ratio of around 0.42 to 0.45 suggests that the company has a moderate level of debt relative to its total assets during the period under review. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial stability and risk management strategies.


See also:

Kinder Morgan Inc Debt to Assets (Quarterly Data)