ONEOK (OKE) Debt-to-Equity : 1.32 (As of Dec. 2023)

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What is ONEOK Debt-to-Equity?

ONEOK's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $507 Mil. ONEOK's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $21,257 Mil. ONEOK's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $16,484 Mil. ONEOK's debt to equity for the quarter that ended in Dec. 2023 was 1.32.

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

OKE' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.32 Med: 2.2 Max: 50.02
Current: 1.32

During the past 13 years, the highest Debt-to-Equity Ratio of ONEOK was 50.02. The lowest was 1.32. And the median was 2.20.

OKE's Debt-to-Equity is ranked worse than
81.57% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs OKE: 1.32

ONEOK Debt-to-Equity Historical Data

The historical data trend for ONEOK'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.

ONEOK Debt-to-Equity Chart

ONEOK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.04

2.37

2.28

2.11

1.32

ONEOK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.11	1.87	1.78	1.35	1.32

Competitive Comparison of ONEOK's Debt-to-Equity

For the Oil & Gas Midstream subindustry, ONEOK'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.

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

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

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

ONEOK Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ONEOK'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
	=	(507	+	21257)	/	16484
	=	1.32

ONEOK'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
	=	(507	+	21257)	/	16484
	=	1.32

ONEOK (NYSE:OKE) 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.

ONEOK Debt-to-Equity Related Terms

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

ONEOK (OKE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ONK:Germany ONK:Germany ONK:Germany O1KE34:Brazil OKE:Austria

Address

100 West Fifth Street, Tulsa, OK, USA, 74103

Website

https://www.oneok.com

Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.

Executives

Eduardo A Rodriguez	director	100 WEST FIFTH STREET, TULSA OK 74103
Lyndon C Taylor	officer: See Remarks	333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
James R Hoskin	officer: See Remarks	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Wayne Thomas Smith	director	1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Lori Gobillot	director	5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042
Janet L. Hogan	officer: Senior Vice President HR	2307 OREGON STREET, OSHKOSH WI 54902
Pierce Norton	director, officer: President & CEO	100 W. 5TH STREET, TULSA OK 74103
Brian L Derksen	director	100 W. 5TH ST., TULSA OK 74103
Scott D Schingen	officer: Senior VP Operations	100 WEST 5TH STREET, TULSA OK 74103
Mark W Helderman	director	100 W. 5TH ST., TULSA OK 74102
Mary M Spears	officer: VP & CHIEF ACCOUNTING OFFICER	100 W. 5TH ST., TULSA OK 74103
Gary David Parker	director	100 W. 5TH ST., TULSA OK 74103
Terry K Spencer	officer: OKS - COO	100 W. 5TH ST., TULSA OK 74103
John William Gibson	director, officer: CEO	100 WEST FIFTH STREET, TULSA OK 74103
Hulse Walter S Iii	officer: EVP STRATEGIC PLNG & CORP DEV	100 W. 5TH ST., TULSA OK 74103