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Kinder Morgan Management LLC (FRA:KM5) Current Ratio : 1.00 (As of Sep. 2014)


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What is Kinder Morgan Management LLC Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Kinder Morgan Management LLC's current ratio for the quarter that ended in Sep. 2014 was 1.00.

Kinder Morgan Management LLC has a current ratio of 1.00. It generally indicates good short-term financial strength.

The historical rank and industry rank for Kinder Morgan Management LLC's Current Ratio or its related term are showing as below:

FRA:KM5' s Current Ratio Range Over the Past 10 Years
Min: 1   Med: 1   Max: 1.02
Current: 1

During the past 13 years, Kinder Morgan Management LLC's highest Current Ratio was 1.02. The lowest was 1.00. And the median was 1.00.

FRA:KM5's Current Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.34 vs FRA:KM5: 1.00

Kinder Morgan Management LLC Current Ratio Historical Data

The historical data trend for Kinder Morgan Management LLC's Current Ratio 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 Management LLC Current Ratio Chart

Kinder Morgan Management LLC Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 1.01 1.00 1.00 1.00

Kinder Morgan Management LLC Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 1.00 1.00 1.00 1.00

Competitive Comparison of Kinder Morgan Management LLC's Current Ratio

For the Oil & Gas Midstream subindustry, Kinder Morgan Management LLC's Current Ratio, along with its competitors' market caps and Current Ratio 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.


Kinder Morgan Management LLC's Current Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kinder Morgan Management LLC's Current Ratio distribution charts can be found below:

* The bar in red indicates where Kinder Morgan Management LLC's Current Ratio falls into.



Kinder Morgan Management LLC Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Kinder Morgan Management LLC's Current Ratio for the fiscal year that ended in Dec. 2013 is calculated as

Current Ratio (A: Dec. 2013 )=Total Current Assets (A: Dec. 2013 )/Total Current Liabilities (A: Dec. 2013 )
=8.03/8.03
=1.00

Kinder Morgan Management LLC's Current Ratio for the quarter that ended in Sep. 2014 is calculated as

Current Ratio (Q: Sep. 2014 )=Total Current Assets (Q: Sep. 2014 )/Total Current Liabilities (Q: Sep. 2014 )
=11.64/11.64
=1.00

* 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.


Kinder Morgan Management LLC  (FRA:KM5) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Kinder Morgan Management LLC Current Ratio Related Terms

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Kinder Morgan Management LLC (FRA:KM5) Business Description

Traded in Other Exchanges
N/A
Address
Kinder Morgan Management LLC was formed on February 14, 2001. The Company is a limited partner in Kinder Morgan Energy Partners, L.P, (KMP), and manages and controls its business and affairs pursuant to a delegation of control agreement. KMP is one of the publicly traded pipeline limited partnerships, and is a pipeline transportation and energy storage company in North America. KMP owns an interest in or operates approximately 46,000 miles of pipelines and approximately 180 terminals. KMP's pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. KMP is also the provider of carbon dioxide for enhanced oil recovery projects in North America.

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