DTE Energy Company (DTE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,539,000 | 3,420,000 | 3,203,000 | 3,537,000 | 4,180,000 | 4,310,000 | 4,093,000 | 3,610,000 | 3,317,000 | 3,494,000 | 6,402,000 | 4,376,000 | 3,498,000 | 3,821,000 | 3,497,000 | 3,526,000 | 3,086,000 | 2,985,000 | 2,726,000 | 2,840,000 |
| 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 |
| Current ratio | 0.60 | 0.85 | 0.89 | 0.88 | 0.81 | 0.79 | 0.59 | 0.64 | 0.52 | 1.02 | 1.71 | 1.69 | 1.30 | 1.12 | 0.83 | 0.89 | 0.77 | 0.77 | 0.75 | 0.78 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,539,000K ÷ $5,883,000K
= 0.60
The current ratio for DTE Energy Co. has shown some fluctuations over the past eight quarters. In Q4 2023, the current ratio decreased to 0.60 from the previous quarter's ratio of 0.85. This decline may raise concerns about the company's short-term liquidity and ability to meet its current obligations.
However, compared to the same quarter of the previous year (Q4 2022), the current ratio has shown an improvement from 0.81 to 0.60. Despite the recent decrease, the current ratio in Q4 2023 is still higher than the ratio in Q2 and Q1 2022, indicating a potential positive trend in liquidity management.
Overall, while the current ratio has fluctuated, investors and analysts should monitor DTE Energy Co.'s liquidity closely to ensure the company can maintain its short-term solvency and meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2023