Knife River Corporation (KNF)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 1,476,100 | 1,448,930 | 1,298,710 | 1,218,630 | 1,266,000 | 1,243,020 | 1,094,900 | 974,769 | 1,027,460 |
| Financial leverage ratio | 1.93 | 1.99 | 2.07 | 2.06 | 2.05 | 2.16 | 2.41 | 2.39 | 2.44 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,851,200K ÷ $1,476,100K
= 1.93
The financial leverage ratio of Knife River Corporation has been showing a decreasing trend over the period from December 31, 2022, to December 31, 2024. The ratio declined from 2.44 on December 31, 2022, to 1.93 on December 31, 2024. This indicates that the company has been relying less on debt to finance its operations and investments, which can be a positive sign for its financial stability and risk profile. The decreasing trend in the financial leverage ratio suggests that Knife River Corporation may be managing its debt levels effectively and possibly reducing its financial risk exposure over time.
Peer comparison
Dec 31, 2024