Stock Analysis on Net
Stock Analysis on Net

Kinder Morgan Inc. (NYSE:KMI)

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

Adjusted Financial Ratios

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Adjusted Financial Ratios (Summary)

Kinder Morgan Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Activity Ratio
Total Asset Turnover
Reported 0.18 0.18 0.17 0.16 0.17
Adjusted 0.18 0.18 0.18 0.17 0.18
Liquidity Ratio
Current Ratio
Reported 0.63 0.76 0.44 0.55 0.69
Adjusted 0.64 0.76 0.44 0.55 0.72
Solvency Ratios
Debt to Equity
Reported 1.02 1.11 1.13 1.16 1.23
Adjusted 1.02 1.13 1.16 1.33 1.45
Debt to Capital
Reported 0.50 0.53 0.53 0.54 0.55
Adjusted 0.50 0.53 0.54 0.57 0.59
Financial Leverage
Reported 2.20 2.34 2.35 2.33 2.39
Adjusted 2.15 2.32 2.34 2.51 2.64
Profitability Ratios
Net Profit Margin
Reported 16.58% 11.38% 1.34% 5.42% 1.76%
Adjusted 22.66% 18.72% 17.90% 11.92% 3.73%
Return on Equity (ROE)
Reported 6.49% 4.78% 0.54% 2.06% 0.72%
Adjusted 8.79% 7.87% 7.41% 5.10% 1.78%
Return on Assets (ROA)
Reported 2.95% 2.04% 0.23% 0.88% 0.30%
Adjusted 4.08% 3.40% 3.16% 2.03% 0.68%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Kinder Morgan Inc. adjusted total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Kinder Morgan Inc. adjusted current ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Kinder Morgan Inc. adjusted debt-to-equity ratio improved from 2017 to 2018 and from 2018 to 2019.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Kinder Morgan Inc. adjusted debt-to-capital ratio improved from 2017 to 2018 and from 2018 to 2019.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Kinder Morgan Inc. adjusted financial leverage ratio decreased from 2017 to 2018 and from 2018 to 2019.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Kinder Morgan Inc. adjusted net profit margin ratio improved from 2017 to 2018 and from 2018 to 2019.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Kinder Morgan Inc. adjusted ROE improved from 2017 to 2018 and from 2018 to 2019.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Kinder Morgan Inc. adjusted ROA improved from 2017 to 2018 and from 2018 to 2019.

Kinder Morgan Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Revenues 13,209 14,144 13,705 13,058 14,403
Total assets 74,157 78,866 79,055 80,305 84,104
Activity Ratio
Total asset turnover1 0.18 0.18 0.17 0.16 0.17
Adjusted
Selected Financial Data (US$ in millions)
Revenues 13,209 14,144 13,705 13,058 14,403
Adjusted total assets2 73,309 77,986 77,619 76,592 79,514
Activity Ratio
Adjusted total asset turnover3 0.18 0.18 0.18 0.17 0.18

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).

1 2019 Calculation
Total asset turnover = Revenues ÷ Total assets
= 13,209 ÷ 74,157 = 0.18

2 Adjusted total assets. See details »

3 2019 Calculation
Adjusted total asset turnover = Revenues ÷ Adjusted total assets
= 13,209 ÷ 73,309 = 0.18

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Kinder Morgan Inc. adjusted total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Current assets 3,238 5,722 2,715 3,229 2,824
Current liabilities 5,100 7,557 6,181 5,924 4,065
Liquidity Ratio
Current ratio1 0.63 0.76 0.44 0.55 0.69
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 3,247 5,725 2,750 3,268 2,915
Current liabilities 5,100 7,557 6,181 5,924 4,065
Liquidity Ratio
Adjusted current ratio3 0.64 0.76 0.44 0.55 0.72

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).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,238 ÷ 5,100 = 0.63

2 Adjusted current assets. See details »

3 2019 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 3,247 ÷ 5,100 = 0.64

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Kinder Morgan Inc. adjusted current ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Total debt 34,392 37,324 37,843 40,050 43,227
Total Kinder Morgan, Inc.’s stockholders’ equity 33,742 33,678 33,636 34,431 35,119
Solvency Ratio
Debt to equity1 1.02 1.11 1.13 1.16 1.23
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 34,721 38,007 38,416 40,650 43,869
Adjusted total stockholders’ equity3 34,041 33,634 33,115 30,489 30,171
Solvency Ratio
Adjusted debt to equity4 1.02 1.13 1.16 1.33 1.45

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).

1 2019 Calculation
Debt to equity = Total debt ÷ Total Kinder Morgan, Inc.’s stockholders’ equity
= 34,392 ÷ 33,742 = 1.02

2 Adjusted total debt. See details »

3 Adjusted total stockholders’ equity. See details »

4 2019 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total stockholders’ equity
= 34,721 ÷ 34,041 = 1.02

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Kinder Morgan Inc. adjusted debt-to-equity ratio improved from 2017 to 2018 and from 2018 to 2019.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Total debt 34,392 37,324 37,843 40,050 43,227
Total capital 68,134 71,002 71,479 74,481 78,346
Solvency Ratio
Debt to capital1 0.50 0.53 0.53 0.54 0.55
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 34,721 38,007 38,416 40,650 43,869
Adjusted total capital3 68,762 71,641 71,531 71,139 74,040
Solvency Ratio
Adjusted debt to capital4 0.50 0.53 0.54 0.57 0.59

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).

1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 34,392 ÷ 68,134 = 0.50

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2019 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 34,721 ÷ 68,762 = 0.50

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Kinder Morgan Inc. adjusted debt-to-capital ratio improved from 2017 to 2018 and from 2018 to 2019.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Total assets 74,157 78,866 79,055 80,305 84,104
Total Kinder Morgan, Inc.’s stockholders’ equity 33,742 33,678 33,636 34,431 35,119
Solvency Ratio
Financial leverage1 2.20 2.34 2.35 2.33 2.39
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 73,309 77,986 77,619 76,592 79,514
Adjusted total stockholders’ equity3 34,041 33,634 33,115 30,489 30,171
Solvency Ratio
Adjusted financial leverage4 2.15 2.32 2.34 2.51 2.64

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).

1 2019 Calculation
Financial leverage = Total assets ÷ Total Kinder Morgan, Inc.’s stockholders’ equity
= 74,157 ÷ 33,742 = 2.20

2 Adjusted total assets. See details »

3 Adjusted total stockholders’ equity. See details »

4 2019 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total stockholders’ equity
= 73,309 ÷ 34,041 = 2.15

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Kinder Morgan Inc. adjusted financial leverage ratio decreased from 2017 to 2018 and from 2018 to 2019.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Net income attributable to Kinder Morgan, Inc. 2,190 1,609 183 708 253
Revenues 13,209 14,144 13,705 13,058 14,403
Profitability Ratio
Net profit margin1 16.58% 11.38% 1.34% 5.42% 1.76%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 2,993 2,648 2,453 1,556 537
Revenues 13,209 14,144 13,705 13,058 14,403
Profitability Ratio
Adjusted net profit margin3 22.66% 18.72% 17.90% 11.92% 3.73%

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).

1 2019 Calculation
Net profit margin = 100 × Net income attributable to Kinder Morgan, Inc. ÷ Revenues
= 100 × 2,190 ÷ 13,209 = 16.58%

2 Adjusted net income. See details »

3 2019 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Revenues
= 100 × 2,993 ÷ 13,209 = 22.66%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Kinder Morgan Inc. adjusted net profit margin ratio improved from 2017 to 2018 and from 2018 to 2019.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Net income attributable to Kinder Morgan, Inc. 2,190 1,609 183 708 253
Total Kinder Morgan, Inc.’s stockholders’ equity 33,742 33,678 33,636 34,431 35,119
Profitability Ratio
ROE1 6.49% 4.78% 0.54% 2.06% 0.72%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 2,993 2,648 2,453 1,556 537
Adjusted total stockholders’ equity3 34,041 33,634 33,115 30,489 30,171
Profitability Ratio
Adjusted ROE4 8.79% 7.87% 7.41% 5.10% 1.78%

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).

1 2019 Calculation
ROE = 100 × Net income attributable to Kinder Morgan, Inc. ÷ Total Kinder Morgan, Inc.’s stockholders’ equity
= 100 × 2,190 ÷ 33,742 = 6.49%

2 Adjusted net income. See details »

3 Adjusted total stockholders’ equity. See details »

4 2019 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total stockholders’ equity
= 100 × 2,993 ÷ 34,041 = 8.79%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Kinder Morgan Inc. adjusted ROE improved from 2017 to 2018 and from 2018 to 2019.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Net income attributable to Kinder Morgan, Inc. 2,190 1,609 183 708 253
Total assets 74,157 78,866 79,055 80,305 84,104
Profitability Ratio
ROA1 2.95% 2.04% 0.23% 0.88% 0.30%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 2,993 2,648 2,453 1,556 537
Adjusted total assets3 73,309 77,986 77,619 76,592 79,514
Profitability Ratio
Adjusted ROA4 4.08% 3.40% 3.16% 2.03% 0.68%

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).

1 2019 Calculation
ROA = 100 × Net income attributable to Kinder Morgan, Inc. ÷ Total assets
= 100 × 2,190 ÷ 74,157 = 2.95%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2019 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 2,993 ÷ 73,309 = 4.08%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Kinder Morgan Inc. adjusted ROA improved from 2017 to 2018 and from 2018 to 2019.