Knife River Corporation (KNF)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,266,010 | 1,243,020 | 1,094,850 | 974,769 |
| Debt-to-capital ratio | 0.35 | 0.35 | 0.43 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $674,577K ÷ ($674,577K + $1,266,010K)
= 0.35
Knife River Corporation's debt-to-capital ratio has exhibited some fluctuations over the past four quarters. In December 2023 and September 2023, the ratio remained consistent at 0.35, indicating that 35% of the company's capital structure was financed by debt. However, in June 2023, the ratio increased to 0.43, suggesting a higher level of debt financing relative to capital. Notably, in March 2023, the ratio dropped to 0.00, signifying that the company had either no debt or a negligible amount in relation to its capital during that period.
Overall, the trend in Knife River Corporation's debt-to-capital ratio indicates varying degrees of reliance on debt to fund its operations and growth initiatives. It is important for stakeholders to closely monitor these fluctuations to assess the company's financial risk, leverage levels, and capital structure stability.
Peer comparison
Dec 31, 2023