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 | ||
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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.
Peer comparison
Dec 31, 2024