Kinder Morgan Inc (KMI)
Debt-to-equity 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-equity ratio | 0.93 | 0.92 | 0.94 | 0.95 | 0.92 | 0.95 | 0.93 | 0.94 | 1.00 | 0.98 | 1.01 | 0.97 | 1.02 | 1.03 | 0.99 | 0.95 | 0.95 | 0.95 | 0.98 | 0.99 |
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 been relatively stable over the past eight quarters, ranging from 1.02 to 1.06. This indicates that the company has been maintaining a moderate level of debt compared to its equity during this period. A ratio above 1 suggests that the company relies more on debt financing than equity, which may indicate higher financial leverage and potential risk. However, the consistency of the ratio around 1.03 to 1.05 suggests that Kinder Morgan Inc has been managing its debt levels consistently and not significantly increasing its financial risk over the analyzed period. Further analysis of the company's overall financial health and industry benchmarks would provide a more comprehensive understanding of its debt management strategies.
Peer comparison
Dec 31, 2023