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

Company name
Symbol
Debt-to-capital ratio
ONEOK Inc
OKE
0.56
Chesapeake Utilities Corporation
CPK
0.49
Southwest Gas Holdings Inc
SWX
0.58

See also:

ONEOK Inc Debt to Capital (Quarterly Data)