DTE Energy Company (DTE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 24,000 | 26,000 | 33,000 | 28,000 | 472,000 |
| Short-term investments | US$ in thousands | — | 0 | — | 187,000 | 42,000 |
| Receivables | US$ in thousands | 1,827,000 | 1,787,000 | 2,182,000 | 1,830,000 | 1,792,000 |
| Total current liabilities | US$ in thousands | 5,106,000 | 5,883,000 | 5,173,000 | 6,346,000 | 2,691,000 |
| Quick ratio | 0.36 | 0.31 | 0.43 | 0.32 | 0.86 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($24,000K
+ $—K
+ $1,827,000K)
÷ $5,106,000K
= 0.36
The quick ratio of DTE Energy Company has shown fluctuations over the years based on the available data. As of December 31, 2020, the quick ratio was 0.86, indicating that the company had $0.86 in liquid assets available to cover each dollar of current liabilities. However, the quick ratio decreased significantly to 0.32 as of December 31, 2021, suggesting a potential liquidity challenge as the ratio fell below 1.
Subsequently, the quick ratio improved to 0.43 as of December 31, 2022, indicating a slight recovery in the company's liquidity position. However, by December 31, 2023, the quick ratio decreased to 0.31, which may raise concerns about the company's ability to meet its short-term obligations using its liquid assets.
As of December 31, 2024, the quick ratio saw a slight improvement to 0.36, but it still remains below 1, signaling that DTE Energy Company may have some difficulties in meeting its current liabilities with its existing quick assets. It is important for the company to closely monitor and manage its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024