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


See also:

Kinder Morgan Inc Debt to Equity (Quarterly Data)