Knife River Corporation (KNF)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,851,200 | 2,884,120 | 2,682,860 | 2,513,640 | 2,599,800 | 2,680,880 | 2,642,900 | 2,326,770 | 2,505,750 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Knife River Corporation has consistently maintained a debt-to-assets ratio of 0.00 throughout the periods from December 31, 2022, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this time frame. A debt-to-assets ratio of 0.00 suggests that Knife River Corporation relies solely on equity financing for its operations and investments, resulting in a lower financial risk compared to companies with higher debt levels. The company's ability to operate with no debt reflects a strong financial position and prudent financial management.
Peer comparison
Dec 31, 2024