Kodiak Gas Services (Kodiak Gas Services) Debt-to-Equity : 1.60 (As of Dec. 2023)

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What is Kodiak Gas Services Debt-to-Equity?

Kodiak Gas Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Kodiak Gas Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,825.9 Mil. Kodiak Gas Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,142.7 Mil. Kodiak Gas Services's debt to equity for the quarter that ended in Dec. 2023 was 1.60.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Kodiak Gas Services's Debt-to-Equity or its related term are showing as below:

KGS' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.6 Med: 1.92 Max: 11.92
Current: 1.6

During the past 3 years, the highest Debt-to-Equity Ratio of Kodiak Gas Services was 11.92. The lowest was 1.60. And the median was 1.92.

KGS's Debt-to-Equity is ranked worse than
86.51% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs KGS: 1.60

Kodiak Gas Services Debt-to-Equity Historical Data

The historical data trend for Kodiak Gas Services's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kodiak Gas Services Debt-to-Equity Chart

Kodiak Gas Services Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

1.92

11.92

1.60

Kodiak Gas Services Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				11.92	1.69	14.54	1.52	1.60

Competitive Comparison of Kodiak Gas Services's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Kodiak Gas Services's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kodiak Gas Services's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kodiak Gas Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kodiak Gas Services's Debt-to-Equity falls into.

Kodiak Gas Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kodiak Gas Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1825.928)	/	1142.653
	=	1.60

Kodiak Gas Services's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1825.928)	/	1142.653
	=	1.60

Kodiak Gas Services (NYSE:KGS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Kodiak Gas Services Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Kodiak Gas Services's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Kodiak Gas Services (Kodiak Gas Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kodiak Gas Services Inc (NYSE:KGS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

Q41:Germany

Address

15320 Highway 105 W, Suite 210, Montgomery, TX, USA, 77356

Website

https://www.kodiakgas.com

Kodiak Gas Services Inc is an operator of contract compression infrastructure in the United States. It manages business through two operating segments namely Compression Operations and Other Services. Compression Operations consist of operating company-owned and customer-owned compression infrastructure for customers, pursuant to fixed-revenue contracts to enable the production, gathering and transportation of natural gas and oil. Other Services consist of a full range of contract services to support the needs our customers, including station construction, maintenance and overhaul and other ancillary time and material-based offerings.

Executives

Terry Bonno	director	7402 NORTH ELDRIDGE PARKWAY, HOUSTON TX 77041
Robert Michael Mckee	director, officer: See Remarks	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Margaret C Montana	director	910 LOUISIANA STREET, HOUSTON TX 77002
Ewan William Hamilton	officer: See Remarks	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Nirav Kush Shah	director	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Christopher Drumgoole	director	C/O DXC TECHNOLOGY COMPANY, 1775 TYSONS BOOULEVARD, TYSONS VA 22102
Roclawski Cory Anne	officer: See Remarks	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Kelly Michelle Battle	officer: See Remarks	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Jon-al Duplantier	director	C/O PARKER DRILLING COMPANY, 5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
John Griggs	officer: See Remarks	C/O RUBICON, 7850 NORTH SAM HOUSTON PARKWAY WEST, HOUSTON TX 77064
William Chad Lenamon	officer: See Remarks	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356
Randall J Hogan	director	5500 WAYZATA BLVD., SUITE 600, GOLDEN VALLEY MN 55416
Eqt Fund Management S.a R.l.	10 percent owner	51A BOULEVARD ROYAL, LUXEMBOURG N4 L-2449
Frontier Topco Partnership, L.p.	10 percent owner	26A, BOULEVARD ROYAL, LUXEMBOURG N4 L-2449
Teresa Maria Mattamouros	director	C/O KODIAK GAS SERVICES, INC., 15320 HIGHWAY 105 W, SUITE 210, MONTGOMERY TX 77356