World Kinect Corporation (WKC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,731,800 | 7,375,300 | 8,164,600 | 5,942,400 | 4,500,300 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,731,800K
= 0.00
The debt-to-assets ratio of World Kinect Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been financing its operations without relying on debt. A debt-to-assets ratio of 0.00 means that the company's total assets are fully financed by equity rather than debt. This can be seen as a positive indicator of financial strength and stability, as the company is not burdened by interest payments and has a lower risk of financial distress. Additionally, a low or zero debt-to-assets ratio may suggest that the company has sufficient internal resources to fund its operations and growth without the need for external financing. However, it is important to consider the specific circumstances and industry norms when evaluating the implications of a zero debt-to-assets ratio.