Kinder Morgan Inc (KMI)

Debt-to-equity ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	29,881,000	30,047,000	28,649,000	30,171,000	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
Total stockholders’ equity	US$ in thousands	30,531,000	30,406,000	30,338,000	30,372,000	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
Debt-to-equity ratio		0.98	0.99	0.94	0.99	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

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 fluctuated over the past few years, ranging from 0.92 to 1.03. This ratio indicates the company's level of financial leverage, showing the proportion of debt used to finance its operations compared to shareholder equity.

A lower ratio typically suggests lower financial risk and a stronger solvency position, as it indicates that the company is relying more on equity financing rather than debt. On the other hand, a higher ratio may indicate higher risk as the company is relying more on debt to finance its operations.

Kinder Morgan's debt-to-equity ratio has mostly stayed within the range of 0.92 to 1.03, which indicates a balanced approach to capital structure management. It is important to monitor this ratio over time to assess the company's ability to meet its debt obligations and its overall financial health.