Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
The data from 2022–2024 show that KKR materially expanded its balance sheet: total assets rose from $275,347m in 2022 to $360,099m in 2024 (≈+30.8%), with roughly steady year-to-year gains of ~13–15%. Total liabilities grew from $219,976m to $298,115m over the same period (≈+35.5%), meaning liabilities expanded slightly faster than assets. Stockholders’ equity increased from $18,808m to $23,652m (≈+25.8%), but the pace of equity growth slowed in 2024 (only ≈3.5% from 2023 to 2024 versus ≈21.6% the prior year). Because liabilities rose a bit faster than assets, leverage nudged upward: the liabilities/assets ratio moved from ≈80.0% (2022) to ≈82.8% (2024), while the equity/assets ratio stayed low (roughly 6–7%), falling slightly from 7.2% in 2023 to 6.6% in 2024. For an alternative-asset manager like KKR, large consolidated assets and significant borrowings are not uncommon, but the modest increase in leverage and the deceleration in equity growth in 2024 are noteworthy — they could reflect higher external financing, capital returned to shareholders/LPs, or slower retained earnings growth. Finally, 2021 and 2025 show missing/zero asset and liability entries, so trend conclusions are most reliable for 2022–2024 only.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.