Kinder Morgan (Kinder Morgan) Debt-to-Equity

: 1.06 (As of Dec. 2023)

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Kinder Morgan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,049 Mil. Kinder Morgan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $28,067 Mil. Kinder Morgan's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $30,306 Mil. Kinder Morgan's debt to equity for the quarter that ended in Dec. 2023 was 1.06.

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 Kinder Morgan's Debt-to-Equity or its related term are showing as below:

KMI' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.02 Med: 1.11 Max: 1.26
Current: 1.06

During the past 13 years, the highest Debt-to-Equity Ratio of Kinder Morgan was 1.26. The lowest was 1.02. And the median was 1.11.

KMI's Debt-to-Equity is ranked worse than
76.63% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs KMI: 1.06

Kinder Morgan Debt-to-Equity Historical Data

The historical data trend for Kinder Morgan'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.

Kinder Morgan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.02

1.10

1.08

1.03

1.06

Kinder Morgan Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity																1.02	1.03	1.03	1.06	1.06

Competitive Comparison

For the Oil & Gas Midstream subindustry, Kinder Morgan'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.

Kinder Morgan Debt-to-Equity Distribution

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

* The bar in red indicates where Kinder Morgan's Debt-to-Equity falls into.

Kinder Morgan Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kinder Morgan'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
	=	(4049	+	28067)	/	30306
	=	1.06

Kinder Morgan'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
	=	(4049	+	28067)	/	30306
	=	1.06

Kinder Morgan (NYSE:KMI) 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.

Kinder Morgan Debt-to-Equity Related Terms

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

Kinder Morgan (Kinder Morgan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Inc (NYSE:KMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2KD:Germany 2KD:Germany KMIC34:Brazil KMI:Austria

Address

1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002

Website

https://www.kindermorgan.com

Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 83,000 miles in pipelines and 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.

Executives

John W Schlosser	officer: V.P. (President, Terminals)	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Dax Sanders	officer: V.P., Corporate Development	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Denise R Mathews	officer: VP, Human Resources/Admin/IT	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Sital K Mody	officer: V.P. (Pres.,Nat Gas Pipelines)	1001 LOUISIANA STREET SUITE 1000, HOUSTON TX 77002
Anthony B Ashley	officer: VP (President, CO2 and ETV)	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Jesse Arenivas	officer: VP(President, CO2)	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Deborah Macdonald	director	KINDER MORGAN, INC., 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Gary Hultquist	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Robert F Vagt	director	5300 MEMORIAL DR, STE 800, HOUSTON TX 77007
Thomas A Martin	officer: VP (Pres., Natural Gas Pipeln)	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
William A Smith	director	KINDER MORGAN, 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Richard D Kinder	director, officer: Chairman & CEO	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Perry M Waughtal	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Kevin P Grahmann	officer: V.P., Corporate Development	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Steven J Kean	director, officer: Exec VP & COO	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002