ONEOK Inc (OKE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 17,036,000 | 16,887,000 | 16,709,000 | 16,445,000 | 16,484,000 | 16,299,000 | 7,218,000 | 7,132,000 | 6,494,000 | 6,312,000 | 6,115,000 | 5,994,000 | 6,015,000 | 5,840,880 | 5,910,390 | 6,096,960 | 6,042,400 | 6,146,110 | 6,240,650 | 5,560,640 |
| Debt-to-capital ratio | 0.65 | 0.61 | 0.55 | 0.55 | 0.56 | 0.57 | 0.64 | 0.64 | 0.66 | 0.65 | 0.68 | 0.68 | 0.68 | 0.70 | 0.70 | 0.69 | 0.70 | 0.70 | 0.70 | 0.72 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $31,018,000K ÷ ($31,018,000K + $17,036,000K)
= 0.65
The debt-to-capital ratio for ONEOK Inc has shown a gradual decrease from 0.72 as of March 31, 2020, to 0.65 as of September 30, 2022. There was a slight increase in the ratio to 0.66 as of December 31, 2022, followed by some fluctuations in the upcoming periods. The ratio decreased significantly to 0.55 as of June 30, 2024, before increasing to 0.65 as of December 31, 2024. Overall, the trend indicates that ONEOK Inc has been effectively managing its debt levels in relation to its capital structure over the analyzed period.
Peer comparison
Dec 31, 2024