Kinder Morgan Inc (KMI)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	29,881,000	28,067,000	28,403,000	30,674,000	32,131,000
Total stockholders’ equity	US$ in thousands	30,531,000	30,306,000	30,742,000	30,823,000	31,436,000
Debt-to-equity ratio		0.98	0.93	0.92	1.00	1.02

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $29,881,000K ÷ $30,531,000K
= 0.98

The debt-to-equity ratio of Kinder Morgan Inc has shown a slight fluctuation over the years, starting at 1.02 in December 2020 and decreasing to 1.00 by December 2021. Subsequently, the ratio continued to decrease to 0.92 in December 2022, followed by a minor increase to 0.93 in December 2023. By December 2024, the ratio slightly rose to 0.98. Overall, these trends indicate that the company has been gradually reducing its reliance on debt financing relative to equity, which can be a positive sign of financial stability and strength.