Kinder Morgan Inc (KMI)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	30,531,000	30,406,000	30,338,000	30,372,000	30,306,000	30,258,000	30,569,000	30,757,000	30,742,000	30,756,000	30,545,000	30,618,000	30,823,000	30,552,000	30,711,000	32,187,000	31,436,000	31,559,000	31,753,000	33,106,000
Debt-to-capital ratio		0.49	0.50	0.49	0.50	0.48	0.48	0.48	0.49	0.48	0.49	0.48	0.48	0.50	0.50	0.50	0.49	0.51	0.51	0.50	0.49

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $29,881,000K ÷ ($29,881,000K + $30,531,000K)
= 0.49

The debt-to-capital ratio of Kinder Morgan Inc has remained relatively stable over the past few years, fluctuating between 0.48 and 0.51. This ratio indicates the proportion of the company's capital that is funded by debt. The lower the ratio, the lower the company's financial leverage and the higher the proportion of equity in its capital structure.

Kinder Morgan Inc's debt-to-capital ratio has not shown any significant trends or deviations from the average range during the period covered in the data. This suggests that the company has maintained a balanced capital structure with a reasonable mix of debt and equity financing.

Overall, the consistent debt-to-capital ratio of Kinder Morgan Inc reflects a stable financial position and prudent capital management decisions. It is important to monitor this ratio along with other financial metrics to assess the company's overall financial health and risk profile.