ONEOK Inc (OKE)
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 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 31,018,000 | 26,880,000 | 20,339,000 | 20,447,000 | 21,183,000 | 21,450,000 | 12,742,000 | 12,728,000 | 12,696,000 | 11,950,700 | 12,872,700 | 12,750,500 | 12,747,600 | 13,640,500 | 13,637,600 | 13,638,800 | 14,228,400 | 14,249,300 | 14,276,200 | 14,146,600 |
| Total assets | US$ in thousands | 64,069,000 | 51,050,000 | 44,535,000 | 44,390,000 | 44,266,000 | 43,939,000 | 24,038,000 | 24,464,000 | 24,379,000 | 24,439,000 | 24,527,000 | 23,993,000 | 23,621,600 | 23,872,300 | 23,437,200 | 23,179,900 | 23,078,800 | 22,780,900 | 22,992,500 | 21,969,400 |
| Debt-to-assets ratio | 0.48 | 0.53 | 0.46 | 0.46 | 0.48 | 0.49 | 0.53 | 0.52 | 0.52 | 0.49 | 0.52 | 0.53 | 0.54 | 0.57 | 0.58 | 0.59 | 0.62 | 0.63 | 0.62 | 0.64 |
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 decreasing trend from 0.64 as of March 31, 2020, to 0.48 as of December 31, 2024. This ratio measures the proportion of the company's total debt to its total assets, indicating the extent to which the company is financed by debt. A declining trend in the debt-to-assets ratio suggests that the company is becoming less reliant on debt financing to support its operations and investments. This could be a positive sign for investors and creditors as it reflects improved financial stability and reduced financial risk for the company.
Peer comparison
Dec 31, 2024