World Kinect Corporation (WKC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 1,890,400 | 1,842,100 | 1,799,400 | 1,840,300 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,943,000K
= 0.00
The debt-to-equity ratio of World Kinect Corp has been fluctuating over the past eight quarters, ranging from 0.36 to 0.54. The ratio indicates the proportion of debt used to finance the company's assets compared to shareholders' equity.
In Q4 2023 and Q3 2023, the debt-to-equity ratio was 0.46 and 0.44 respectively, showing a moderate level of debt relative to equity. This suggests the company is relying more on debt financing to fund its operations.
Comparing to the previous quarters, Q4 2022 had a ratio of 0.43, Q3 2022 with 0.37, and Q2 2022 with 0.54. The ratios in these periods also indicate varying levels of leverage, with Q2 2022 showing a relatively higher reliance on debt compared to equity.
On the other hand, Q1 2023 had a lower ratio of 0.36, indicating reduced debt relative to equity in that quarter. This could imply a strategic shift towards a more equity-based financing structure.
Overall, the trend in World Kinect Corp's debt-to-equity ratio suggests a mix of debt and equity financing in varying proportions. It is essential for the company to carefully manage its leverage to maintain a healthy financial structure and mitigate risks associated with high debt levels.