ONEOK Inc (OKE)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 12,479,800 | 12,479,500 | 10,754,100 | 10,004,300 |
| Total stockholders’ equity | US$ in thousands | 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 | 6,225,950 | 6,218,910 | 6,348,140 | 6,442,010 |
| Debt-to-capital ratio | 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 | 0.67 | 0.67 | 0.63 | 0.61 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $21,183,000K ÷ ($21,183,000K + $16,484,000K)
= 0.56
The debt-to-capital ratio of Oneok Inc. has shown a slight decline in the most recent quarter, standing at 0.57 in Q4 2023 compared to 0.57 in Q3 2023. This ratio has demonstrated a downward trend from Q1 2022 to Q4 2023. The company's debt proportion relative to its total capital has decreased from 0.70 in Q1 2022 to 0.57 in Q4 2023. This improvement suggests that Oneok Inc. has been successful in reducing its debt levels and/or increasing its capital base over the past quarters. A lower debt-to-capital ratio typically indicates a healthier financial position and may signal improved financial stability for the company.
Peer comparison
Dec 31, 2023