ONEOK Inc (OKE)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 64,069,000 | 44,266,000 | 24,379,000 | 23,621,600 | 23,078,800 |
| Total stockholders’ equity | US$ in thousands | 17,036,000 | 16,484,000 | 6,494,000 | 6,015,000 | 6,042,400 |
| Financial leverage ratio | 3.76 | 2.69 | 3.75 | 3.93 | 3.82 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $64,069,000K ÷ $17,036,000K
= 3.76
The financial leverage ratio for ONEOK Inc has shown fluctuations over the past five years.
As of December 31, 2020, the financial leverage ratio was 3.82. It increased slightly to 3.93 by December 31, 2021, indicating a potential increase in the company's reliance on debt to finance its operations.
By December 31, 2022, the financial leverage ratio decreased to 3.75, suggesting a slight reduction in the company's debt relative to its equity.
However, the financial leverage ratio experienced a significant drop to 2.69 as of December 31, 2023. This sharp decline may indicate that ONEOK Inc has either reduced its debt levels or significantly increased its equity.
By December 31, 2024, the financial leverage ratio increased to 3.76, showing a potential uptick in the company's debt compared to the prior year.
Overall, the fluctuations in ONEOK Inc's financial leverage ratio over the five-year period suggest varying levels of debt relative to equity, highlighting the importance of monitoring the company's capital structure and financial risk management strategies.
Peer comparison
Dec 31, 2024