World Kinect Corporation (WKC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,948,700 | 1,943,000 | 1,984,900 | 1,912,700 | 1,909,300 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,948,700K)
= 0.00
The debt-to-capital ratio of World Kinect Corporation has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing to fund its operations relative to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital is primarily sourced from equity, which may indicate a lower financial risk and less dependence on debt to support its operations and investments.