World Kinect Corporation (WKC)

Debt-to-capital 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,948,700 2,044,400 2,032,300 1,952,000 1,943,000 1,968,300 1,959,100 2,008,300 1,984,900 1,939,700 1,915,700 1,941,400 1,912,700 1,919,700 1,946,200 1,939,500 1,909,300 1,916,000 1,815,000 1,846,400
Debt-to-capital 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, 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 March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt in its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the entirety of the company's capital is derived from sources other than debt, such as equity. While a low debt-to-capital ratio may suggest a conservative financial strategy and lower financial risk, it can also mean missed opportunities for leveraging debt for potential growth or tax benefits. Further analysis of the company's financing decisions and strategies would be necessary to fully evaluate the implications of its consistent 0.00 debt-to-capital ratio.