Stock Analysis on Net

Kinder Morgan Inc. (NYSE:KMI)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2020.

Analysis of Debt

Microsoft Excel

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Total Debt (Carrying Amount)

Kinder Morgan Inc., balance sheet: debt

US$ in millions

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Current portion of debt
Long-term debt, excluding current portion
Total debt (carrying amount)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).


Current Portion of Debt
The current portion of debt showed a significant increase from 2015 to 2018, rising from $821 million to a peak of $3,388 million. This upward trend indicates a growing amount of debt due within one year over this period. However, in 2019, the current portion declined to $2,477 million, suggesting a reduction in short-term debt obligations compared to the previous year, though still substantially higher than the 2015 level.
Long-Term Debt, Excluding Current Portion
Long-term debt demonstrated a consistent decrease throughout the five-year period. Starting at $42,406 million in 2015, the carrying amount of long-term debt declined each year, reaching $31,915 million by the end of 2019. This downward trend indicates a systematic reduction in long-term debt liabilities, potentially reflecting repayments, refinancing strategies, or deleveraging efforts over time.
Total Debt (Carrying Amount)
Total debt declined steadily from $43,227 million in 2015 to $34,392 million in 2019. Despite fluctuations in the composition between current and long-term portions, the overall debt burden was reduced by approximately 20.4% over the five-year span. This pattern suggests efforts to manage or reduce total indebtedness, which could positively impact the company’s financial leverage and risk profile.
Overall Debt Structure Trends
There is a noticeable shift in the company's debt structure, with the current portion increasing significantly until 2018 before declining in 2019, while the long-term portion steadily decreases throughout the years. The rise in short-term debt obligations followed by a recent reduction may indicate refinancing actions or changes in debt maturity profiles. The consistent decline in long-term debt contributes to the overall reduction in total debt, indicating deliberate management of the debt portfolio to decrease long-term liabilities.

Total Debt (Fair Value)

Microsoft Excel
Dec 31, 2019
Selected Financial Data (US$ in millions)
Debt
Financial Ratio
Debt, fair value to carrying amount ratio

Based on: 10-K (reporting date: 2019-12-31).


Weighted-average Interest Rate on Debt

Weighted average interest rate on borrowings:

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
Total

Based on: 10-K (reporting date: 2019-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × ÷ =