KKR (KKR) Debt-to-Equity : 2.16 (As of Dec. 2023)

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What is KKR Debt-to-Equity?

KKR's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $200 Mil. KKR's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $49,188 Mil. KKR's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $22,859 Mil. KKR's debt to equity for the quarter that ended in Dec. 2023 was 2.16.

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

KKR' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.01 Med: 2.48 Max: 3.37
Current: 2.16

During the past 13 years, the highest Debt-to-Equity Ratio of KKR was 3.37. The lowest was 2.01. And the median was 2.48.

KKR's Debt-to-Equity is ranked worse than
94.91% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs KKR: 2.16

KKR Debt-to-Equity Historical Data

The historical data trend for KKR'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.

KKR Debt-to-Equity Chart

KKR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.51

2.45

2.25

2.34

2.16

KKR 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															2.34	2.32	2.42	2.31	2.16

Competitive Comparison of KKR's Debt-to-Equity

For the Asset Management subindustry, KKR'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.

KKR's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, KKR's Debt-to-Equity distribution charts can be found below:

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

KKR Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

KKR'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
	=	(200	+	49187.579)	/	22858.694
	=	2.16

KKR'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
	=	(200	+	49187.579)	/	22858.694
	=	2.16

KKR (NYSE:KKR) 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.

KKR Debt-to-Equity Related Terms

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

KKR (KKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » KKR & Co Inc (NYSE:KKR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KKRC:Mexico KR51:Germany KR51:Germany

Address

30 Hudson Yards, New York, NY, USA, 10001

Website

https://www.kkr.com

KKR is one of the world's largest alternative asset managers, with $518.5 billion in total assets under management, including $420.0 billion in fee-earning AUM, at the end of June 2023. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the October 2020 purchase of a 61.5% economic stake in Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance). On the asset management side, private markets account for 50% of fee-earning AUM and 70% of base management fees, while public markets account for 50% and 30%, respectively.

Executives

Kimberly A. Ross	director	C/O AVON PRODUCTS,INC., 1345 AVENUE OF THE AMERICAS`, NEW YORK NY 10105-0196
David Sorkin	officer: General Counsel and Secretary	C/O KKR & CO. INC., 30 HUDSON YARDS, NEW YORK NY 10019
Kathryn King Sudol	officer: General Counsel and Secretary	C/O KKR & CO. INC., 30 HUDSON YARDS, NEW YORK NY 10001
Matt Cohler	director	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Raymond J Mcguire	director	5 GIRALDA FARMS, MADISON NJ 07940
Ryan Stork	officer: Chief Operating Officer	30 HUDSON YARDS, NEW YORK NY 10001
Henry R Kravis	director, 10 percent owner, officer: Co-Chairman and Co-CEO	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
George R Roberts	director, 10 percent owner, officer: Co-Chairman and Co-CEO	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 2800 SAND HILL ROAD, MENLO PARK CA 94025
Evan Spiegel	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Adriane M Brown	director	3150 139TH AVENUE S.E., BELLEVUE WA 98040
Arturo Gutierrez	director	C/O KKR & CO. INC., 30 HUDSON YARDS, NEW YORK NY 10001
Dane E Holmes	director	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Robert W Scully	director	C/O KKR & CO. INC., 30 HUDSON YARDS, NEW YORK NY 10001
John B Hess	director	C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robert H Lewin	officer: Chief Financial Officer	C/O KKR & CO. INC., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019