World Kinect Corporation (WKC)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 7,375,300 | 7,483,100 | 6,961,900 | 7,485,800 | 8,164,600 | 7,970,300 | 8,795,700 | 7,968,000 | 5,942,400 | 5,544,300 | 5,249,800 | 4,925,400 | 4,500,300 | 4,392,300 | 4,881,000 | 5,498,900 | 5,992,400 | 5,797,500 | 5,751,200 | 5,733,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
World Kinect Corp's debt-to-assets ratio has ranged from 0.09 to 0.13 over the past eight quarters, with an average ratio of approximately 0.115. The ratio indicates that, on average, the company finances 11.5% of its assets through debt. This suggests that World Kinect Corp has a relatively conservative approach to debt financing, as a lower ratio typically indicates lower financial risk and higher financial stability. The consistency of the ratio around 0.11-0.12 indicates that the company has been managing its debt levels effectively over the past two years. However, it is important to monitor any future changes in the debt-to-assets ratio to ensure the company maintains a sustainable and healthy financial position.