Kinder Morgan Inc (KMI)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 28,067,000 | 28,403,000 | 30,674,000 | 32,131,000 | 31,915,000 |
| Total stockholders’ equity | US$ in thousands | 30,306,000 | 30,742,000 | 30,823,000 | 31,436,000 | 33,742,000 |
| Debt-to-equity ratio | 0.93 | 0.92 | 1.00 | 1.02 | 0.95 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $28,067,000K ÷ $30,306,000K
= 0.93
The debt-to-equity ratio of Kinder Morgan Inc has shown a fluctuating trend over the past five years. In 2023, the ratio increased to 1.06 from 1.03 in 2022, indicating a slight rise in the company's leverage. Comparing this to the previous years, the ratio was higher than in 2019 but lower than in 2020 and 2021. It is important to note that a ratio above 1 suggests that the company is financed more by debt than equity, which may indicate higher financial risk. Further analysis of the company's overall financial health and strategy should be conducted to fully assess the implications of this trend.
Peer comparison
Dec 31, 2023