Kirby (STU:KIY) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Kirby LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Kirby's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Kirby's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Mar. 2024 (0.02). It may suggest that Kirby is progressively becoming less dependent on debt to grow their business.

Kirby LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kirby's LT-Debt-to-Total-Asset 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.

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Kirby LT-Debt-to-Total-Asset Chart

Kirby Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.28

0.25

0.22

0.20

Kirby Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.20	0.21	0.20	0.02

Kirby LT-Debt-to-Total-Asset Calculation

Kirby's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1052.109	/	5247.255
	=	0.20

Kirby's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	126.022	/	5313.77
	=	0.02

Kirby (STU:KIY) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Kirby LT-Debt-to-Total-Asset Related Terms

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Kirby (STU:KIY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kirby Corp (STU:KIY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

KEX:USA KIY:Germany

Address

55 Waugh Drive, Suite 1000, Houston, TX, USA, 77007

Website

https://www.kirbycorp.com

Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.

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