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.