Knife River Corporation (KNF)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,851,200 | 2,599,810 | 2,505,750 | 2,181,820 | — |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | — |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,851,200K
= 0.00
The debt-to-assets ratio of Knife River Corporation has shown a consistent trend of 0.00 from December 31, 2021, to December 31, 2024. This suggests that the company has been financing its assets without relying on debt during this period. A debt-to-assets ratio of 0.00 indicates that the company's assets are entirely funded by equity, which can be a positive sign to investors and creditors as it implies a lower financial risk and greater financial stability. Overall, Knife River Corporation's consistent 0.00 debt-to-assets ratio reflects a strong financial position and efficient management of capital structure.
Peer comparison
Dec 31, 2024