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World Kinect's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $81 Mil. World Kinect's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $803 Mil. World Kinect's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,952 Mil. World Kinect's debt to equity for the quarter that ended in Mar. 2024 was 0.45.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for World Kinect's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of World Kinect was 0.65. The lowest was 0.27. And the median was 0.42.
The historical data trend for World Kinect's Debt-to-Equity 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.
World Kinect Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.33 | 0.28 | 0.27 | 0.43 | 0.46 |
World Kinect Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.36 | 0.45 | 0.45 | 0.46 | 0.45 |
For the Oil & Gas Refining & Marketing subindustry, World Kinect's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
For the Oil & Gas industry and Energy sector, World Kinect's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where World Kinect's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
World Kinect's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (78.8 | + | 809.1) | / | 1943 | |
= | 0.46 |
World Kinect's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (81.1 | + | 802.6) | / | 1952 | |
= | 0.45 |
* 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.
World Kinect (NYSE:WKC) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of World Kinect's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Jill Smart | director | C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601 |
Ken Bakshi | director | 63 STONEBRIDGE ROAD, MONTCLAIR NJ 07042 |
Michael Crosby | officer: EVP, Global Land | 9800 N.W. 41ST STREET, MIAMI FL 33178 |
Jose-miguel Tejada | officer: SVP, Chief Accounting Officer | C/O WORLD FUEL SERVICES CORPORATION, 9800 NW 41ST STREET, MIAMI FL 33178 |
John L Manley | director | 15211 MEDICI WAY, NAPLES FL 34110 |
John Peter Rau | officer: EVP, Global Aviation & Marine | 9800 N.W. 41ST STREET, MIAMI FL 33178 |
Robert Alexander Lake | officer: EVP, Chf. Legal Officer, CoSec | C/O WORLD FUEL SERVICES CORPORATION, 9800 N.W. 41ST STREET, MIAMI FL 33178 |
Jorge L. Benitez | director | 5201 BLUE LAGOON DRIVE, SUITE 250, MIAMI FL 33126 |
Paul H Stebbins | director, officer: Chairman and CEO | C/O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178 |
Sharda Cherwoo | director | 160 WEST 66TH STREET, APT. 45F, NEW YORK NY 10023 |
Michael J Kasbar | director, officer: President & COO | C/ O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178 |
Richard A Kassar | director | C/O WORLD FUEL SERVICES CORP., 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178 |
J Thomas Presby | director | 198 KEELER ROAD, BRIDGEWATER CT 06752 |
Stephen K Roddenberry | director | C/O AKERMAN LLP, 98 SOUTHEAST SEVENTH STREET, MIAMI FL 33131 |
Jeffrey Paul Smith | officer: EVP and COO | C/O WORLD FUEL SERVICES CORPORATION, 9800 N.W. 41ST STREET, MIAMI FL 33178 |
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