Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Kinder Morgan Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Kinder Morgan Inc. debt to equity ratio improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020 not reaching Q3 2019 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Kinder Morgan Inc. debt to capital ratio improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020 not reaching Q3 2019 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Kinder Morgan Inc. debt to assets ratio improved from Q3 2019 to Q4 2019 but then deteriorated significantly from Q4 2019 to Q1 2020. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Kinder Morgan Inc. financial leverage ratio decreased from Q3 2019 to Q4 2019 but then slightly increased from Q4 2019 to Q1 2020. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Kinder Morgan Inc. interest coverage ratio improved from Q3 2019 to Q4 2019 but then deteriorated significantly from Q4 2019 to Q1 2020. |
Debt to Equity
Kinder Morgan Inc., debt to equity calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of debt | 3,540) | 2,477) | 4,406) | 3,054) | 2,502) | 3,388) | 2,337) | 2,132) | 2,494) | 2,828) | 3,156) | 3,224) | 3,928) | 2,696) | 2,944) | 3,419) | 1,702) | 821) | 3,003) | 3,154) | 3,435) | |||||||
| Long-term debt, excluding current portion | 31,405) | 31,915) | 32,111) | 33,005) | 33,328) | 33,936) | 35,268) | 35,366) | 35,543) | 35,015) | 35,116) | 35,100) | 35,464) | 37,354) | 38,518) | 40,201) | 42,105) | 42,406) | 41,630) | 41,399) | 41,824) | |||||||
| Total debt | 34,945) | 34,392) | 36,517) | 36,059) | 35,830) | 37,324) | 37,605) | 37,498) | 38,037) | 37,843) | 38,272) | 38,324) | 39,392) | 40,050) | 41,462) | 43,620) | 43,807) | 43,227) | 44,633) | 44,553) | 45,259) | |||||||
| Total Kinder Morgan, Inc.’s stockholders’ equity | 33,106) | 33,742) | 33,633) | 33,638) | 33,612) | 33,678) | 33,487) | 33,035) | 33,667) | 33,636) | 35,225) | 35,149) | 34,645) | 34,431) | 34,606) | 35,111) | 35,180) | 35,119) | 35,514) | 35,172) | 35,029) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity1 | 1.06 | 1.02 | 1.09 | 1.07 | 1.07 | 1.11 | 1.12 | 1.14 | 1.13 | 1.13 | 1.09 | 1.09 | 1.14 | 1.16 | 1.20 | 1.24 | 1.25 | 1.23 | 1.26 | 1.27 | 1.29 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 0.22 | 0.19 | 0.21 | 0.20 | 0.21 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 0.48 | 0.43 | 0.42 | 0.45 | 0.45 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.33 | 0.24 | 0.25 | 0.24 | 0.21 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 1.31 | 0.86 | 0.85 | 0.83 | 0.83 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 1.23 | 1.13 | 1.32 | 0.48 | 0.49 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 0.61 | 0.44 | 0.45 | 0.44 | 0.47 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Debt to equity = Total debt ÷ Total Kinder Morgan, Inc.’s stockholders’ equity
= 34,945 ÷ 33,106 = 1.06
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Kinder Morgan Inc. debt to equity ratio improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020 not reaching Q3 2019 level. |
Debt to Capital
Kinder Morgan Inc., debt to capital calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of debt | 3,540) | 2,477) | 4,406) | 3,054) | 2,502) | 3,388) | 2,337) | 2,132) | 2,494) | 2,828) | 3,156) | 3,224) | 3,928) | 2,696) | 2,944) | 3,419) | 1,702) | 821) | 3,003) | 3,154) | 3,435) | |||||||
| Long-term debt, excluding current portion | 31,405) | 31,915) | 32,111) | 33,005) | 33,328) | 33,936) | 35,268) | 35,366) | 35,543) | 35,015) | 35,116) | 35,100) | 35,464) | 37,354) | 38,518) | 40,201) | 42,105) | 42,406) | 41,630) | 41,399) | 41,824) | |||||||
| Total debt | 34,945) | 34,392) | 36,517) | 36,059) | 35,830) | 37,324) | 37,605) | 37,498) | 38,037) | 37,843) | 38,272) | 38,324) | 39,392) | 40,050) | 41,462) | 43,620) | 43,807) | 43,227) | 44,633) | 44,553) | 45,259) | |||||||
| Total Kinder Morgan, Inc.’s stockholders’ equity | 33,106) | 33,742) | 33,633) | 33,638) | 33,612) | 33,678) | 33,487) | 33,035) | 33,667) | 33,636) | 35,225) | 35,149) | 34,645) | 34,431) | 34,606) | 35,111) | 35,180) | 35,119) | 35,514) | 35,172) | 35,029) | |||||||
| Total capital | 68,051) | 68,134) | 70,150) | 69,697) | 69,442) | 71,002) | 71,092) | 70,533) | 71,704) | 71,479) | 73,497) | 73,473) | 74,037) | 74,481) | 76,068) | 78,731) | 78,987) | 78,346) | 80,147) | 79,725) | 80,288) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital1 | 0.51 | 0.50 | 0.52 | 0.52 | 0.52 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.52 | 0.52 | 0.53 | 0.54 | 0.55 | 0.55 | 0.55 | 0.55 | 0.56 | 0.56 | 0.56 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 0.18 | 0.16 | 0.17 | 0.16 | 0.18 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 0.32 | 0.30 | 0.30 | 0.31 | 0.31 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.25 | 0.20 | 0.20 | 0.19 | 0.18 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 0.57 | 0.46 | 0.46 | 0.45 | 0.45 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.55 | 0.53 | 0.57 | 0.32 | 0.33 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 0.38 | 0.31 | 0.31 | 0.31 | 0.32 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 34,945 ÷ 68,051 = 0.51
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Kinder Morgan Inc. debt to capital ratio improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020 not reaching Q3 2019 level. |
Debt to Assets
Kinder Morgan Inc., debt to assets calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of debt | 3,540) | 2,477) | 4,406) | 3,054) | 2,502) | 3,388) | 2,337) | 2,132) | 2,494) | 2,828) | 3,156) | 3,224) | 3,928) | 2,696) | 2,944) | 3,419) | 1,702) | 821) | 3,003) | 3,154) | 3,435) | |||||||
| Long-term debt, excluding current portion | 31,405) | 31,915) | 32,111) | 33,005) | 33,328) | 33,936) | 35,268) | 35,366) | 35,543) | 35,015) | 35,116) | 35,100) | 35,464) | 37,354) | 38,518) | 40,201) | 42,105) | 42,406) | 41,630) | 41,399) | 41,824) | |||||||
| Total debt | 34,945) | 34,392) | 36,517) | 36,059) | 35,830) | 37,324) | 37,605) | 37,498) | 38,037) | 37,843) | 38,272) | 38,324) | 39,392) | 40,050) | 41,462) | 43,620) | 43,807) | 43,227) | 44,633) | 44,553) | 45,259) | |||||||
| Total assets | 73,530) | 74,157) | 76,931) | 76,695) | 76,292) | 78,866) | 79,063) | 78,315) | 79,011) | 79,055) | 80,351) | 80,203) | 79,793) | 80,305) | 81,604) | 84,317) | 84,229) | 84,104) | 85,677) | 85,610) | 86,164) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets1 | 0.48 | 0.46 | 0.47 | 0.47 | 0.47 | 0.47 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.49 | 0.50 | 0.51 | 0.52 | 0.52 | 0.51 | 0.52 | 0.52 | 0.53 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 0.14 | 0.11 | 0.13 | 0.12 | 0.13 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 0.23 | 0.21 | 0.21 | 0.21 | 0.21 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 0.17 | 0.13 | 0.13 | 0.13 | 0.11 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 0.37 | 0.29 | 0.29 | 0.29 | 0.29 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.38 | 0.35 | 0.38 | 0.23 | 0.23 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 0.24 | 0.18 | 0.19 | 0.18 | 0.19 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 34,945 ÷ 73,530 = 0.48
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Kinder Morgan Inc. debt to assets ratio improved from Q3 2019 to Q4 2019 but then deteriorated significantly from Q4 2019 to Q1 2020. |
Financial Leverage
Kinder Morgan Inc., financial leverage calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Total assets | 73,530) | 74,157) | 76,931) | 76,695) | 76,292) | 78,866) | 79,063) | 78,315) | 79,011) | 79,055) | 80,351) | 80,203) | 79,793) | 80,305) | 81,604) | 84,317) | 84,229) | 84,104) | 85,677) | 85,610) | 86,164) | |||||||
| Total Kinder Morgan, Inc.’s stockholders’ equity | 33,106) | 33,742) | 33,633) | 33,638) | 33,612) | 33,678) | 33,487) | 33,035) | 33,667) | 33,636) | 35,225) | 35,149) | 34,645) | 34,431) | 34,606) | 35,111) | 35,180) | 35,119) | 35,514) | 35,172) | 35,029) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Financial leverage1 | 2.22 | 2.20 | 2.29 | 2.28 | 2.27 | 2.34 | 2.36 | 2.37 | 2.35 | 2.35 | 2.28 | 2.28 | 2.30 | 2.33 | 2.36 | 2.40 | 2.39 | 2.39 | 2.41 | 2.43 | 2.46 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 1.64 | 1.65 | 1.65 | 1.64 | 1.66 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 2.08 | 2.02 | 2.00 | 2.16 | 2.18 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 1.95 | 1.89 | 1.89 | 1.88 | 1.86 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 3.58 | 2.93 | 2.91 | 2.83 | 2.84 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 3.25 | 3.19 | 3.48 | 2.10 | 2.09 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 2.53 | 2.47 | 2.43 | 2.44 | 2.44 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Financial leverage = Total assets ÷ Total Kinder Morgan, Inc.’s stockholders’ equity
= 73,530 ÷ 33,106 = 2.22
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Kinder Morgan Inc. financial leverage ratio decreased from Q3 2019 to Q4 2019 but then slightly increased from Q4 2019 to Q1 2020. |
Interest Coverage
Kinder Morgan Inc., interest coverage calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Kinder Morgan, Inc. | (306) | 610) | 506) | 518) | 556) | 494) | 732) | (141) | 524) | (1,006) | 373) | 376) | 440) | 209) | (188) | 372) | 315) | (695) | 186) | 333) | 429) | |||||||
| Add: Net income attributable to noncontrolling interest | 15) | 17) | 11) | 10) | 11) | 8) | 273) | 11) | 18) | 14) | 14) | 7) | 5) | 6) | 5) | 3) | (1) | (41) | (3) | 9) | (10) | |||||||
| Add: Income tax expense | 60) | 455) | 151) | 148) | 172) | 273) | 196) | (46) | 164) | 1,316) | 160) | 216) | 246) | 173) | 377) | 213) | 154) | 43) | 108) | 189) | 224) | |||||||
| Add: Interest, net | 436) | 442) | 447) | 452) | 460) | 461) | 473) | 516) | 467) | 445) | 459) | 463) | 465) | 422) | 472) | 471) | 441) | 527) | 540) | 472) | 512) | |||||||
| Earnings before interest and tax (EBIT) | 205) | 1,524) | 1,115) | 1,128) | 1,199) | 1,236) | 1,674) | 340) | 1,173) | 769) | 1,006) | 1,062) | 1,156) | 810) | 666) | 1,059) | 909) | (166) | 831) | 1,003) | 1,155) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Interest coverage1 | 2.24 | 2.76 | 2.57 | 2.84 | 2.33 | 2.31 | 2.08 | 1.74 | 2.19 | 2.18 | 2.23 | 2.03 | 2.02 | 1.91 | 1.29 | 1.33 | 1.30 | 1.38 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 8.79 | 7.94 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 8.06 | 13.24 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 18.27 | 25.16 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | -1.05 | 1.17 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 2.92 | 8.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Interest coverage
= (EBITQ1 2020
+ EBITQ4 2019
+ EBITQ3 2019
+ EBITQ2 2019)
÷ (Interest expenseQ1 2020
+ Interest expenseQ4 2019
+ Interest expenseQ3 2019
+ Interest expenseQ2 2019)
= (205 + 1,524 + 1,115 + 1,128)
÷ (436 + 442 + 447 + 452)
= 2.24
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Kinder Morgan Inc. interest coverage ratio improved from Q3 2019 to Q4 2019 but then deteriorated significantly from Q4 2019 to Q1 2020. |