ONEOK Inc (OKE)
Debt-to-equity 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-equity ratio | 1.82 | 1.59 | 1.22 | 1.24 | 1.29 | 1.32 | 1.77 | 1.78 | 1.96 | 1.89 | 2.11 | 2.13 | 2.12 | 2.34 | 2.31 | 2.24 | 2.35 | 2.32 | 2.29 | 2.54 |
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 general trend of fluctuations over the analyzed period. The ratio decreased from 2.54 in March 2020 to 1.22 in June 2024. In the initial period, there was a gradual decline in the ratio until March 2023, where it reached its lowest point of 1.24.
However, there was a slight increase in the ratio in the second half of 2023 and further in 2024, reaching 1.82 by December 2024. This indicates that the company had increased its debt relative to its equity during this period.
Overall, the downward trend in the debt-to-equity ratio until March 2023 suggests that the company was reducing its debt levels in relation to its equity. The subsequent increase in the ratio may indicate a shift in the capital structure towards more debt financing.
It is important to note that a debt-to-equity ratio of over 1 indicates that the company has more debt than equity, which could imply higher financial risk. Conversely, a ratio below 1 signifies that the company has more equity relative to debt, indicating a stronger financial position in terms of leverage.
Peer comparison
Dec 31, 2024