Kinder Morgan Canada (TSX:KML.PR.C.PFD) Debt-to-Asset : 0.35 (As of Sep. 2019)

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What is Kinder Morgan Canada Debt-to-Asset?

Kinder Morgan Canada's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was C$62.00 Mil. Kinder Morgan Canada's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was C$493.30 Mil. Kinder Morgan Canada's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2019 was C$1,581.50 Mil. Kinder Morgan Canada's debt to asset for the quarter that ended in Sep. 2019 was 0.35.

Kinder Morgan Canada Debt-to-Asset Historical Data

The historical data trend for Kinder Morgan Canada's Debt-to-Asset 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.

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Kinder Morgan Canada Debt-to-Asset Chart

Kinder Morgan Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Asset

0.38

0.36

Kinder Morgan Canada Quarterly Data
	Dec14	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Debt-to-Asset	Get a 7-Day Free Trial												-	-	0.36	0.35	0.35

Competitive Comparison of Kinder Morgan Canada's Debt-to-Asset

For the Oil & Gas Midstream subindustry, Kinder Morgan Canada's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Canada's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

Kinder Morgan Canada Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Kinder Morgan Canada's Debt-to-Asset for the fiscal year that ended in Dec. 2018 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	5369.6
	=	0.00

Kinder Morgan Canada's Debt-to-Asset for the quarter that ended in Sep. 2019 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(62	+	493.3)	/	1581.5
	=	0.35

Kinder Morgan Canada (TSX:KML.PR.C.PFD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Kinder Morgan Canada Debt-to-Asset Related Terms

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Kinder Morgan Canada (TSX:KML.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Canada Ltd (TSX:KML.PR.C.PFD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 - 5th Avenue S.W., Suite 2700, Calgary, AB, CAN, T2P 5J2

Website

http://www.kindermorgancanadaltd.com

Kinder Morgan Canada Ltd operates as an integrated network of pipeline systems and terminal facilities in Canada. The business activities are carried out through two segments namely Pipelines and Terminals. The Pipelines business unit is composed of the Trans Mountain pipeline system, the Canadian portion of the Cochin pipeline system, the Puget Sound pipeline system, and the Jet Fuel pipeline system. The Terminals business unit is composed of the Vancouver Wharves terminal in British Columbia and numerous terminals in Edmonton, Alberta. Geographically the business presence of the firm is spread across the US and Canada.

Kinder Morgan Canada (TSX:KML.PR.C.PFD) Headlines

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