ONEOK Inc (OKE)
Debt-to-equity 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-equity ratio | 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 | 2.00 | 2.01 | 1.69 | 1.55 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $21,183,000K ÷ $16,484,000K
= 1.29
The debt-to-equity ratio of Oneok Inc. has shown a declining trend over the last four quarters, indicating improved financial leverage. In Q4 2023, the ratio decreased to 1.31 from 1.35 in the previous quarter. This suggests that the company has reduced its reliance on debt financing in relation to equity, potentially enhancing its financial stability. The downward trend in the debt-to-equity ratio since Q1 2023 reflects a positive shift in the company's capital structure towards a healthier balance between debt and equity. However, it is important to monitor future trends to ensure financial stability and sustainability in the long term.
Peer comparison
Dec 31, 2023