World Kinect Corporation (WKC)
Debt-to-equity 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-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, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,948,700K
= 0.00
Based on the provided data, World Kinect Corporation has consistently maintained a debt-to-equity ratio of 0.00 for all the periods from March 31, 2020 to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no long-term debt in relation to its equity during these periods.
Having a debt-to-equity ratio of 0.00 can signify that the company has been operating without relying heavily on borrowed funds to finance its operations or growth. This could suggest that World Kinect Corporation has been funding its activities primarily through equity financing or retained earnings.
However, it is important to note that a debt-to-equity ratio of 0.00 may also indicate that the company might not be utilizing debt as a tool for leveraging its operations or investments. While having low debt can reduce financial risk, it may also limit the company's ability to take advantage of growth opportunities that could be financed through debt.
Overall, the consistent 0.00 debt-to-equity ratio of World Kinect Corporation over the analyzed periods highlights its conservative approach to financial leverage and suggests a relatively strong equity position in relation to its debt obligations.