World Kinect Corporation (WKC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 7,375,300 | 8,164,600 | 5,942,400 | 4,500,300 | 5,992,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,375,300K
= 0.00
Given the historical trend of World Kinect Corp's debt-to-assets ratio, it has shown relatively low levels of debt in relation to its total assets over the past five years. The ratio has fluctuated within a narrow range, with the highest value recorded in 2020 at 0.12 and the lowest in 2021 at 0.09. This indicates that the company has been able to effectively manage its debt levels in proportion to its total assets during this period. Overall, the consistent low debt-to-assets ratio suggests a conservative approach to financing and a strong financial position.