DTE Energy Company (DTE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,607,000 | 5,617,000 | 4,516,000 | 3,752,000 | 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 |
| 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 |
| Current ratio | 0.71 | 0.83 | 0.69 | 0.75 | 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 |
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 period from March 31, 2020, to December 31, 2024. The ratio indicates the company's ability to meet its short-term liabilities with its current assets.
The current ratio started at 0.89 on March 31, 2020, decreased to 0.52 by December 31, 2021, and then rebounded to 0.88 by March 31, 2023. It fluctuated around this level for the next several quarters, with a slight decreasing trend towards the end of 2024, reaching 0.71 by December 31, 2024.
A current ratio below 1 may suggest that the company may have difficulty meeting its short-term obligations with its current assets alone. The increasing trend observed from March 31, 2020 to March 31, 2023 indicates an improvement in the company's liquidity position. However, the decrease in the ratio towards the end of 2024 may raise concerns about the company's ability to cover its short-term liabilities efficiently.
Overall, a current ratio analysis provides insights into DTE Energy Company's liquidity position and its capacity to meet short-term financial obligations. It is important for the company to maintain a healthy current ratio to ensure financial stability and operational continuity.
Peer comparison
Dec 31, 2024