Kinder Morgan Inc (KMI)

Debt-to-capital 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 stockholders’ equity US$ in thousands 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 33,742,000 33,633,000 33,638,000 33,612,000
Debt-to-capital ratio 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 0.49 0.49 0.50 0.50

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $28,067,000K ÷ ($28,067,000K + $30,306,000K)
= 0.48

Based on the provided data, Kinder Morgan Inc's debt-to-capital ratio has remained consistent at 0.51 for each quarter from Q1 2022 to Q4 2023.

A debt-to-capital ratio of 0.51 indicates that the company's total debt represents 51% of its total capital, which includes both debt and equity. This suggests that Kinder Morgan Inc relies moderately on debt financing to fund its operations and investments, while also having a significant portion of its capital sourced from equity.

The stability of the debt-to-capital ratio over multiple quarters indicates that the company has been able to maintain a consistent balance between debt and equity in its capital structure. This can be seen as a positive sign of financial health and risk management, as drastic fluctuations in this ratio could indicate instability or an unsustainable financial structure.

Going forward, it would be important for Kinder Morgan Inc to continue monitoring and managing its debt levels relative to its capital to ensure that it remains within manageable limits and supports the company's long-term financial stability and growth.


Peer comparison

Dec 31, 2023


See also:

Kinder Morgan Inc Debt to Capital (Quarterly Data)