Kinder Morgan Inc (KMI)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	31,915,000	32,111,000	33,005,000	33,328,000
Total assets	US$ in thousands	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	74,157,000	76,931,000	76,695,000	76,292,000
Debt-to-assets ratio		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	0.43	0.42	0.43	0.44

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $28,067,000K ÷ $71,020,000K
= 0.40

The debt-to-assets ratio of Kinder Morgan Inc has remained relatively stable over the past eight quarters, ranging between 0.45 and 0.46. This indicates that the company consistently finances its operations and investments with a proportionate mix of debt and equity. A debt-to-assets ratio between 0.4 and 0.6 is generally considered healthy for most companies as it suggests a balanced capital structure. Kinder Morgan's consistent ratio within this range indicates a prudent approach to managing its debt levels in relation to its total assets.