DTE Energy Company (DTE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,607,000 | 3,539,000 | 4,180,000 | 3,317,000 | 3,498,000 |
| Total current liabilities | US$ in thousands | 5,106,000 | 5,883,000 | 5,173,000 | 6,346,000 | 2,691,000 |
| Current ratio | 0.71 | 0.60 | 0.81 | 0.52 | 1.30 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,607,000K ÷ $5,106,000K
= 0.71
The current ratio of DTE Energy Company has shown fluctuations over the years. It stood at 1.30 on December 31, 2020, indicating a healthy liquidity position. However, the ratio decreased to 0.52 by December 31, 2021, which may raise concerns about the company's short-term liquidity. Subsequently, there was an improvement as the ratio rose to 0.81 on December 31, 2022. However, by December 31, 2023, the current ratio decreased to 0.60, signaling potential challenges in meeting short-term obligations. Lastly, as of December 31, 2024, the ratio increased slightly to 0.71, but it remains below the ideal value of 1.0. Overall, the trend in DTE Energy's current ratio suggests fluctuations in its liquidity position, requiring a closer review of the company's short-term financial health.
Peer comparison
Dec 31, 2024