ONEOK Inc (OKE)
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 | 31,018,000 | 21,183,000 | 12,696,000 | 12,747,600 | 14,228,400 |
| Total assets | US$ in thousands | 64,069,000 | 44,266,000 | 24,379,000 | 23,621,600 | 23,078,800 |
| Debt-to-assets ratio | 0.48 | 0.48 | 0.52 | 0.54 | 0.62 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $31,018,000K ÷ $64,069,000K
= 0.48
The debt-to-assets ratio of ONEOK Inc has shown a consistent downward trend over the years, indicating a decreasing reliance on debt to finance its assets. The ratio declined from 0.62 as of December 31, 2020, to 0.48 as of both December 31, 2023, and December 31, 2024. This suggests that the company has been successful in managing its debt levels relative to its total assets. A decreasing debt-to-assets ratio generally indicates improved financial stability and lower risk for stakeholders, as it signifies a stronger ability to meet financial obligations using internal resources rather than borrowing. It is important for investors and creditors to monitor this trend as it reflects the company's leverage and risk profile over time, influencing its overall financial health.
Peer comparison
Dec 31, 2024