ONEOK Inc (OKE)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 17,036,000 | 16,484,000 | 6,494,000 | 6,015,000 | 6,042,400 |
| Debt-to-equity ratio | 1.82 | 1.29 | 1.96 | 2.12 | 2.35 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $31,018,000K ÷ $17,036,000K
= 1.82
The debt-to-equity ratio of ONEOK Inc has shown a declining trend over the past five years, indicating a decreasing reliance on debt to finance its operations relative to shareholders' equity. Starting at 2.35 in December 2020, the ratio decreased to 1.82 by December 2024. This trend suggests that the company has been making effort to strengthen its financial position by reducing its debt levels in comparison to equity. A decreasing debt-to-equity ratio generally signifies a lower financial risk and can enhance the company's ability to weather economic downturns or other financial challenges. Overall, the declining debt-to-equity ratio for ONEOK Inc reflects a positive financial trajectory in terms of capital structure and indicates a more balanced mix of debt and equity financing.
Peer comparison
Dec 31, 2024