DTE Energy Company (DTE)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 26,000 | 36,000 | 30,000 | 115,000 | 33,000 | 26,000 | 67,000 | 150,000 | 28,000 | 54,000 | 3,448 | 1,568,000 | 472,000 | 945,000 | 579,000 | 552,000 | 93,000 | 76,000 | 62,000 | 56,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 169,000 | 167,000 | 174,000 | 187,000 | 186,000 | 1,860,000 | — | 42,000 | — | — | 1,867,000 | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,883,000 | 4,045,000 | 3,596,000 | 4,036,000 | 5,173,000 | 5,466,000 | 6,895,000 | 5,680,000 | 6,346,000 | 3,433,000 | 3,737,000 | 2,595,000 | 2,691,000 | 3,417,000 | 4,196,000 | 3,972,000 | 3,997,000 | 3,865,000 | 3,654,000 | 3,647,000 |
| Cash ratio | 0.00 | 0.01 | 0.01 | 0.03 | 0.01 | 0.04 | 0.03 | 0.06 | 0.03 | 0.07 | 0.50 | 0.60 | 0.19 | 0.28 | 0.14 | 0.61 | 0.02 | 0.02 | 0.02 | 0.02 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($26,000K
+ $—K)
÷ $5,883,000K
= 0.00
The cash ratio of DTE Energy Co. has been fluctuating over the past eight quarters. It decreased from 0.23 in Q1 2023 to 0.21 in Q2 2023, and then further dropped to 0.18 in Q3 2023, before reaching its lowest point of 0.11 in Q4 2023. This downward trend indicates that the company may be holding less cash relative to its current liabilities in recent periods.
Comparing Q4 2023 to Q4 2022, there is a decrease from 0.20 to 0.11 in the cash ratio. This signifies a reduction in the company's ability to cover its short-term liabilities with its available cash in the most recent quarter compared to the same quarter the previous year.
Overall, the downward trend in the cash ratio may raise concerns about DTE Energy Co.'s liquidity position and ability to meet its short-term obligations using its available cash reserves. It would be recommended for the company to closely monitor and manage its cash levels to ensure it can cover its short-term liabilities effectively.
Peer comparison
Dec 31, 2023