Kinder Morgan Canada (TSX:KML.PR.C.PFD) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2019)

View and export this data going back to 2017. Start your Free Trial

What is Kinder Morgan Canada LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Kinder Morgan Canada's long-term debt to total assests ratio for the quarter that ended in Sep. 2019 was 0.31.

Kinder Morgan Canada's long-term debt to total assets ratio increased from Sep. 2018 (0.00) to Sep. 2019 (0.31). It may suggest that Kinder Morgan Canada is progressively becoming more dependent on debt to grow their business.

Kinder Morgan Canada LT-Debt-to-Total-Asset Historical Data

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

* Premium members only.

Kinder Morgan Canada LT-Debt-to-Total-Asset Chart

Kinder Morgan Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												-	-	0.31	0.31	0.31

Kinder Morgan Canada LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	0	/	5369.6
	=	0.00

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

LT Debt to Total Assets (Q: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2019 )	/	Total Assets (Q: Sep. 2019 )
	=	493.3	/	1581.5
	=	0.31

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

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Kinder Morgan Canada LT-Debt-to-Total-Asset Related Terms

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

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 » LT-Debt-to-Total-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

No Headlines