World Kinect Balance Sheet Health
Financial Health criteria checks 2/6
World Kinect has a total shareholder equity of $1.2B and total debt of $796.0M, which brings its debt-to-equity ratio to 65.7%. Its total assets and total liabilities are $6.8B and $5.6B respectively. World Kinect's EBIT is $238.0M making its interest coverage ratio 2.3. It has cash and short-term investments of $151.1M.
Key information
65.69%
Debt to equity ratio
US$796.00m
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$151.10m |
| Equity | US$1.21b |
| Total liabilities | US$5.59b |
| Total assets | US$6.80b |
Recent financial health updates
Analysis Article • Jun 12
Is World Kinect (NYSE:WKC) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Nov 25
Does World Kinect (NYSE:WKC) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jun 01
World Kinect (NYSE:WKC) Seems To Be Using A Lot Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Feb 07
Does World Kinect (NYSE:WKC) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Recent updates
Narrative Update • Apr 23
WKC: Geopolitical Volatility And Buybacks Will Shape Future Upside Potential
Analysts have trimmed their price target on World Kinect to $25 from $27, citing a more cautious stance on midstream equities and a wider range of potential outcomes for global oil and gas markets following recent U.S. military action in Iran. Analyst Commentary Even with the lower US$25 price target, recent research highlights a few constructive points that bullish analysts are watching around World Kinect, especially as the market reassesses risk in midstream names after recent U.S. military action in Iran.Narrative Update • Apr 07
WKC: Geopolitical Volatility And Buybacks Will Support Future Upside
Analysts have trimmed their average price target on World Kinect by $2 to $25, citing a more cautious stance tied to near term pullback risk in midstream equities and a wider range of potential outcomes for global oil and gas markets. Analyst Commentary Recent Street commentary on World Kinect centers on a reset of expectations, with the average price target now at $25.Narrative Update • Mar 24
WKC: Geopolitical Volatility And Share Repurchases Will Support Future Upside
Analysts have trimmed their target on World Kinect by $2 to $25 as they factor in a wider range of outcomes for global oil and gas markets following recent U.S. military action in Iran and maintain a cautious stance on midstream equities. Analyst Commentary Bullish analysts acknowledge the lower US$25 target, but some still point to potential upside if World Kinect can execute well through the current period of uncertainty in global energy flows.Narrative Update • Mar 07
WKC: Share Repurchases And Geopolitical Volatility Will Support Future Upside Potential
Narrative Update on World Kinect Analysts have trimmed their price target on World Kinect by $2 to $25, reflecting a more cautious stance that factors in updated assumptions on discount rate, revenue growth, profit margins and future P/E, as well as wider potential outcomes for global oil and gas markets following recent geopolitical developments. Analyst Commentary Recent Street research on World Kinect points to a more cautious tone as analysts factor in geopolitical risk and wider outcome ranges for oil and gas markets.Narrative Update • Feb 21
WKC: Share Repurchase Plan Will Support Upside Case Despite Lower Multiple
Analysts have reduced their fair value estimate for World Kinect from $35.00 to $31.00, reflecting updated assumptions about revenue growth, profit margins and a lower future P/E multiple. What's in the News The Board of Directors authorized a share buyback plan for World Kinect Corporation on December 4, 2025, signaling a formal approval for repurchases (Key Developments).Seeking Alpha • Sep 04
World Kinect: Still Providing Little Energy
Summary World Kinect continues to face organic growth challenges, with recurring volume declines and limited margin expansion despite ongoing M&A activity. The company maintains modest valuations, supported by aggressive share buybacks and rising dividends, but lacks clear growth catalysts. Recent acquisitions, including Trip Support Services, appear accretive but do not address the core issue of weak organic growth and persistent GAAP earnings adjustments. While cost discipline and shareholder returns are positives, I remain cautious, as WKC still needs to prove its long-term positioning and growth potential. Read the full article on Seeking Alpha
Narrative Update • Aug 06
Portfolio Transformation And Renewables Investment Will Shape Future Markets
Despite improved consensus forecasts for revenue growth and net profit margin, the analyst price target for World Kinect has decreased from $31.00 to $28.33. What's in the News Repurchased 1,350,000 shares for $35.26 million in Q2 2025, completing a total buyback of 8,011,402 shares for $208.11 million under the 2020 program.Analysis Article • Jun 12
Is World Kinect (NYSE:WKC) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Apr 29
Need To Know: Analysts Just Made A Substantial Cut To Their World Kinect Corporation (NYSE:WKC) Estimates
One thing we could say about the analysts on World Kinect Corporation ( NYSE:WKC ) - they aren't optimistic, having...Analysis Article • Mar 20
World Kinect Corporation's (NYSE:WKC) P/E Still Appears To Be Reasonable
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...Analysis Article • Jan 18
If EPS Growth Is Important To You, World Kinect (NYSE:WKC) Presents An Opportunity
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Nov 25
Does World Kinect (NYSE:WKC) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Nov 01
We Think You Should Be Aware Of Some Concerning Factors In World Kinect's (NYSE:WKC) Earnings
World Kinect Corporation's ( NYSE:WKC ) stock didn't jump after it announced some healthy earnings. We think that...Analysis Article • Oct 17
World Kinect Corporation's (NYSE:WKC) Price Is Right But Growth Is Lacking
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...
New Narrative • Sep 24
Strategic Moves And Market Expansion Promise Bright Future For Business Aviation And Land Segments
Strategic divestitures and acquisitions aim to enhance revenue, diversification, and net margins through improved operating efficiencies and liquidity.Analysis Article • Sep 07
Do World Kinect's (NYSE:WKC) Earnings Warrant Your Attention?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Jul 16
Why We're Not Concerned About World Kinect Corporation's (NYSE:WKC) Share Price
World Kinect Corporation's ( NYSE:WKC ) price-to-earnings (or "P/E") ratio of 27.5x might make it look like a strong...Analysis Article • Jun 01
World Kinect (NYSE:WKC) Seems To Be Using A Lot Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • May 08
World Kinect Corporation's (NYSE:WKC) Intrinsic Value Is Potentially 82% Above Its Share Price
Key Insights The projected fair value for World Kinect is US$44.70 based on 2 Stage Free Cash Flow to Equity World...Analysis Article • Apr 13
Getting In Cheap On World Kinect Corporation (NYSE:WKC) Might Be Difficult
World Kinect Corporation's ( NYSE:WKC ) price-to-earnings (or "P/E") ratio of 28.6x might make it look like a strong...Seeking Alpha • Mar 17
World Kinect: Fueling Ambitions
Summary World Kinect (formerly World Fuel Services) has experienced limited organic growth and long-term headwinds in the fuel and related services industry. Sales were nearly halved in 2020 due to the pandemic, but have since recovered to $59 billion in 2022, to come down again in 2023. The problem is in the margins and lack of underlying volume growth, although World Kinect has greater ambitions to return money to investors and improve margins. Read the full article on Seeking AlphaAnalysis Article • Feb 07
Does World Kinect (NYSE:WKC) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Seeking Alpha • Dec 21
World Kinect: Net Zero Emissions, Reorganization, Beneficial Guidance, And Undervalued
Summary World Kinect Corporation focuses on energy procurement services and products for the transportation industries, with a focus on sustainability and renewable energy solutions. The company has recently reported better-than-expected EPS and revenue growth, with beneficial market expectations for future growth. World Kinect has a stable balance sheet with a healthy current ratio and asset/liability ratio, making it an attractive investment option. Read the full article on Seeking AlphaFinancial Position Analysis
Short Term Liabilities: WKC's short term assets ($4.4B) exceed its short term liabilities ($4.2B).
Long Term Liabilities: WKC's short term assets ($4.4B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: WKC's net debt to equity ratio (53.2%) is considered high.
Reducing Debt: WKC's debt to equity ratio has increased from 25.9% to 65.7% over the past 5 years.
Debt Coverage: WKC's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: WKC's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/31 16:04 |
| End of Day Share Price | 2026/05/29 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
World Kinect Corporation is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Kenneth Hoexter | BofA Global Research |
| John Freeman | CGS International |