DTE Energy Company (DTE)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 24,000 | 969,000 | 20,000 | 292,000 | 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 |
| Short-term investments | US$ in thousands | — | 1,071,000 | 1,062,000 | 200,000 | 0 | — | — | — | — | 169,000 | 167,000 | 174,000 | 187,000 | 186,000 | 1,860,000 | — | 42,000 | — | — | 1,867,000 |
| Total current liabilities | US$ in thousands | 5,106,000 | 6,787,000 | 6,507,000 | 4,975,000 | 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 |
| Cash ratio | 0.00 | 0.30 | 0.17 | 0.10 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($24,000K
+ $—K)
÷ $5,106,000K
= 0.00
The cash ratio of DTE Energy Company, as calculated by dividing cash and cash equivalents by current liabilities, has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
The ratio started at a relatively healthy level of 0.61 on March 31, 2020, indicating that the company had $0.61 in cash and cash equivalents for each dollar of current liabilities. However, there was a significant decrease in the ratio to 0.14 by June 30, 2020, possibly due to changes in the company's cash position or an increase in current liabilities.
The ratio improved to 0.28 by September 30, 2020, but then declined to 0.19 by December 31, 2020. From March 31, 2021, to September 30, 2021, the ratio fluctuated between 0.07 and 0.60, showing some inconsistencies in the company's liquidity position.
The ratio decreased to 0.03 by December 31, 2021, and remained low at 0.06 on March 31, 2022, 0.03 on June 30, 2022, and 0.04 on September 30, 2022, indicating a potential challenge in managing short-term obligations with available cash resources.
By December 31, 2022, the cash ratio dropped to 0.01, which remained at the same level for the next three quarters, through September 30, 2023, signaling a concerning liquidity position.
The cash ratio improved slightly to 0.10 on March 31, 2024, and further increased to 0.17 on June 30, 2024, suggesting a positive trend in the company's ability to cover its short-term liabilities with available cash. The ratio saw a significant improvement to 0.30 by September 30, 2024, indicating a healthier liquidity position. However, the ratio dropped sharply to 0.00 by December 31, 2024, which may raise concerns about the company's short-term solvency.
Overall, the cash ratio of DTE Energy Company has shown fluctuations over the period under review, reflecting changes in the company's cash position relative to its current liabilities and highlighting the importance of closely monitoring liquidity management.
Peer comparison
Dec 31, 2024