Knife River Corporation (KNF)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 674,577 | 675,649 | 832,047 | 359 |
| Total assets | US$ in thousands | 2,599,810 | 2,680,880 | 2,642,900 | 2,326,770 |
| Debt-to-assets ratio | 0.26 | 0.25 | 0.31 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $674,577K ÷ $2,599,810K
= 0.26
The debt-to-assets ratio for Knife River Corporation has shown some fluctuation over the past four quarters.
As of December 31, 2023, the debt-to-assets ratio was 0.26, indicating that for every dollar of assets, the company had $0.26 of debt. This suggests a relatively conservative level of leverage, with a majority of the company's assets being financed through equity rather than debt.
In the previous quarter, as of September 30, 2023, the ratio was slightly lower at 0.25, indicating a slight decrease in debt relative to assets. This may imply that the company was able to reduce its debt levels or increase its asset base during this period.
However, the ratio increased to 0.31 as of June 30, 2023, suggesting a higher level of debt compared to assets. This could indicate that the company took on more debt to finance its operations or investments during this quarter.
Notably, as of March 31, 2023, the ratio was 0.00, which could be attributable to a special circumstance such as debt being paid off completely or a significant increase in assets without a corresponding increase in debt.
Overall, the trend in the debt-to-assets ratio for Knife River Corporation reflects some variability, with a mix of conservative and more leveraged positions over the past year. This ratio provides insight into the company's capital structure and financial risk, highlighting the extent to which debt is being used to finance the company's assets.
Peer comparison
Dec 31, 2023