Kirby Debt-to-Equity Ratio Growth & History (KEX)
Kirby's debt-to-equity ratio was 0.33 for fiscal 2025.
View full Kirby company overviewKirby annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.33 | 0.02 | +6.41% |
| 2024 | 2024-12-31 | 0.31 | −0.06 | −15.43% |
| 2023 | 2023-12-31 | 0.37 | −0.04 | −10.13% |
| 2022 | 2022-12-31 | 0.41 | −0.06 | −12.15% |
| 2021 | 2021-12-31 | 0.47 | −0.07 | −13.03% |
| 2020 | 2020-12-31 | 0.54 | 0.08 | +18.34% |
| 2019 | 2019-12-31 | 0.46 | 0.02 | +3.93% |
| 2018 | 2018-12-31 | 0.44 | 0.12 | +37.57% |
| 2017 | 2017-12-31 | 0.32 | 0.02 | +6.34% |
| 2016 | 2016-12-31 | 0.30 | −0.04 | −12.16% |
| 2015 | 2015-12-31 | 0.34 | 0.02 | +7.41% |
| 2014 | 2014-12-31 | 0.32 | −0.05 | −14.66% |
| 2013 | 2013-12-31 | 0.37 | −0.30 | −44.37% |
| 2012 | 2012-12-31 | 0.67 | 0.11 | +20.45% |
| 2011 | 2011-12-31 | 0.56 | 0.38 | +221.16% |
| 2010 | 2010-12-31 | 0.17 | −0.02 | −9.01% |
| 2009 | 2009-12-31 | 0.19 | — | — |
Kirby quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.35 | −0.03 | −6.94% |
| Q1 2026 | 2026-03-31 | 0.35 | −0.04 | −9.76% |
| Q4 2025 | 2025-12-31 | 0.33 | 0.02 | +6.41% |
| Q3 2025 | 2025-09-30 | 0.37 | 0.02 | +6.10% |
| Q2 2025 | 2025-06-30 | 0.38 | 0.01 | +2.17% |
| Q1 2025 | 2025-03-31 | 0.38 | 0.00 | +0.74% |
| Q4 2024 | 2024-12-31 | 0.31 | −0.06 | −15.43% |
| Q3 2024 | 2024-09-30 | 0.35 | −0.04 | −10.57% |
| Q2 2024 | 2024-06-30 | 0.37 | −0.00 | −0.52% |
| Q1 2024 | 2024-03-31 | 0.38 | −0.03 | −6.69% |
| Q4 2023 | 2023-12-31 | 0.37 | −0.04 | −10.13% |
| Q3 2023 | 2023-09-30 | 0.39 | −0.04 | −10.19% |
| Q2 2023 | 2023-06-30 | 0.38 | −0.07 | −16.63% |
| Q1 2023 | 2023-03-31 | 0.41 | −0.05 | −11.77% |
| Q4 2022 | 2022-12-31 | 0.41 | −0.06 | −12.15% |
| Q3 2022 | 2022-09-30 | 0.43 | −0.05 | −11.16% |
| Q2 2022 | 2022-06-30 | 0.45 | −0.02 | −4.41% |
| Q1 2022 | 2022-03-31 | 0.46 | −0.04 | −7.73% |
| Q4 2021 | 2021-12-31 | 0.47 | −0.07 | −13.03% |
| Q3 2021 | 2021-09-30 | 0.49 | −0.09 | −15.39% |
| Q2 2021 | 2021-06-30 | 0.47 | −0.14 | −22.37% |
| Q1 2021 | 2021-03-31 | 0.50 | −0.12 | −19.05% |
| Q4 2020 | 2020-12-31 | 0.54 | 0.08 | +18.34% |
| Q3 2020 | 2020-09-30 | 0.58 | 0.10 | +21.99% |
| Q2 2020 | 2020-06-30 | 0.61 | 0.08 | +14.25% |
| Q1 2020 | 2020-03-31 | 0.62 | 0.06 | +9.81% |
| Q4 2019 | 2019-12-31 | 0.46 | 0.02 | +3.93% |
| Q3 2019 | 2019-09-30 | 0.47 | 0.04 | +9.42% |
| Q2 2019 | 2019-06-30 | 0.53 | 0.08 | +17.13% |
| Q1 2019 | 2019-03-31 | 0.56 | 0.11 | +24.05% |
| Q4 2018 | 2018-12-31 | 0.44 | 0.12 | +37.57% |
| Q3 2018 | 2018-09-30 | 0.43 | 0.07 | +20.54% |
| Q2 2018 | 2018-06-30 | 0.45 | 0.21 | +89.45% |
| Q1 2018 | 2018-03-31 | 0.45 | 0.18 | +63.38% |
| Q4 2017 | 2017-12-31 | 0.32 | 0.02 | +6.34% |
| Q3 2017 | 2017-09-30 | 0.36 | 0.05 | +17.81% |
| Q2 2017 | 2017-06-30 | 0.24 | −0.10 | −29.84% |
| Q1 2017 | 2017-03-31 | 0.28 | −0.03 | −10.11% |
| Q4 2016 | 2016-12-31 | 0.30 | −0.04 | −12.16% |
| Q3 2016 | 2016-09-30 | 0.31 | −0.06 | −15.57% |
| Q2 2016 | 2016-06-30 | 0.34 | −0.02 | −5.34% |
| Q1 2016 | 2016-03-31 | 0.31 | −0.06 | −16.33% |
| Q4 2015 | 2015-12-31 | 0.34 | 0.02 | +7.41% |
| Q3 2015 | 2015-09-30 | 0.36 | 0.07 | +24.84% |
| Q2 2015 | 2015-06-30 | 0.36 | 0.06 | +19.93% |
| Q1 2015 | 2015-03-31 | 0.37 | 0.03 | +8.40% |
| Q4 2014 | 2014-12-31 | 0.32 | −0.05 | −14.66% |
| Q3 2014 | 2014-09-30 | 0.29 | −0.16 | −36.09% |
| Q2 2014 | 2014-06-30 | 0.30 | −0.26 | −46.36% |
| Q1 2014 | 2014-03-31 | 0.34 | −0.29 | −45.78% |
| Q4 2013 | 2013-12-31 | 0.37 | −0.30 | −44.37% |
| Q3 2013 | 2013-09-30 | 0.45 | −0.03 | −6.83% |
| Q2 2013 | 2013-06-30 | 0.56 | 0.04 | +8.41% |
| Q1 2013 | 2013-03-31 | 0.63 | 0.11 | +21.68% |
| Q4 2012 | 2012-12-31 | 0.67 | 0.11 | +20.45% |
| Q3 2012 | 2012-09-30 | 0.49 | −0.08 | −14.23% |
| Q2 2012 | 2012-06-30 | 0.52 | 0.26 | +99.47% |
| Q1 2012 | 2012-03-31 | 0.52 | 0.35 | +206.99% |
| Q4 2011 | 2011-12-31 | 0.56 | 0.38 | +221.16% |
| Q3 2011 | 2011-09-30 | 0.57 | 0.39 | +217.83% |
| Q2 2011 | 2011-06-30 | 0.26 | 0.08 | +43.43% |
| Q1 2011 | 2011-03-31 | 0.17 | — | — |
| Q4 2010 | 2010-12-31 | 0.17 | −0.02 | −9.01% |
| Q3 2010 | 2010-09-30 | 0.18 | — | — |
| Q2 2010 | 2010-06-30 | 0.18 | — | — |
| Q4 2009 | 2009-12-31 | 0.19 | — | — |
Kirby debt-to-equity ratio trends
Over the last five fiscal years, Kirby's debt-to-equity ratio decreased from 0.54 to 0.33, a change of −0.21. The latest reported quarter, Q2 2026, shows 0.35.
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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