ONEOK Inc (OKE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 64,069,000 | 51,050,000 | 44,535,000 | 44,390,000 | 44,266,000 | 43,939,000 | 24,038,000 | 24,464,000 | 24,379,000 | 24,439,000 | 24,527,000 | 23,993,000 | 23,621,600 | 23,872,300 | 23,437,200 | 23,179,900 | 23,078,800 | 22,780,900 | 22,992,500 | 21,969,400 |
| 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 |
| Financial leverage ratio | 3.76 | 3.02 | 2.67 | 2.70 | 2.69 | 2.70 | 3.33 | 3.43 | 3.75 | 3.87 | 4.01 | 4.00 | 3.93 | 4.09 | 3.97 | 3.80 | 3.82 | 3.71 | 3.68 | 3.95 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $64,069,000K ÷ $17,036,000K
= 3.76
The financial leverage ratio of ONEOK Inc has fluctuated over the given period, ranging from a low of 2.67 to a high of 4.09. The ratio measures the company's level of debt relative to its equity and indicates the extent to which the company is relying on debt financing. Generally, a higher financial leverage ratio suggests that the company is more reliant on debt to finance its operations, which can amplify both profits and losses.
From March 31, 2020, to June 30, 2022, the financial leverage ratio increased steadily, reaching a peak of 4.09 on September 30, 2021. This may indicate an increase in debt levels relative to equity during this period. However, from September 30, 2021, to December 31, 2024, the ratio fluctuated, showing a decreasing trend overall. The ratio dropped to a low of 2.67 on June 30, 2024, before rising to 3.76 on December 31, 2024.
The decreasing trend in the latter part of the period may suggest a reduction in reliance on debt financing relative to equity, potentially indicating a more conservative financial structure. It is essential for investors and stakeholders to monitor the financial leverage ratio to assess the company's debt management and financial risk.
Peer comparison
Dec 31, 2024