DTE Energy Company (DTE)
Quick 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 | 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 |
| Receivables | US$ in thousands | 1,827,000 | 1,613,000 | 1,750,000 | 1,615,000 | 1,787,000 | 1,566,000 | 1,495,000 | 1,693,000 | 2,182,000 | 1,980,000 | 2,158,000 | 1,812,000 | 1,830,000 | 1,692,000 | 1,707,000 | 1,685,000 | 1,792,000 | 1,559,000 | 1,746,000 | 1,742,000 |
| 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 |
| Quick ratio | 0.36 | 0.54 | 0.44 | 0.42 | 0.31 | 0.40 | 0.42 | 0.45 | 0.43 | 0.40 | 0.35 | 0.38 | 0.32 | 0.56 | 0.96 | 1.25 | 0.86 | 0.73 | 0.55 | 1.05 |
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 fluctuation over the past few years. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
As per the data provided:
- The quick ratio fluctuated between 0.32 to 1.25 over the past five years.
- The quick ratio was on the lower side in June 2020, September 2021, December 2021, and December 2023, indicating a potential liquidity challenge during those periods.
- However, there were periods, such as March 2021 and March 2024, when the quick ratio was above 1, suggesting a strong ability to cover short-term obligations with liquid assets.
Overall, the trend in the quick ratio indicates some variability in DTE Energy Company's liquidity position over the years, with the company displaying varying levels of ability to meet its short-term obligations with its current liquid assets. It is essential for investors and stakeholders to closely monitor this ratio to assess the company's liquidity health.
Peer comparison
Dec 31, 2024