DTE Energy Company (DTE)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 21,963,000 | 19,546,000 | 17,978,000 | 17,378,000 | 19,439,000 |
| Total assets | US$ in thousands | 48,846,000 | 44,755,000 | 42,683,000 | 39,719,000 | 45,496,000 |
| Debt-to-assets ratio | 0.45 | 0.44 | 0.42 | 0.44 | 0.43 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $21,963,000K ÷ $48,846,000K
= 0.45
The debt-to-assets ratio of DTE Energy Company has shown a slight increase over the years based on the provided data. As of December 31, 2020, the ratio stood at 0.43 and gradually increased to 0.45 by December 31, 2024. This indicates that the company's level of debt in relation to its total assets has been on a progressively rising trend, suggesting a higher reliance on debt financing. It is important to monitor this ratio to ensure that the company maintains a healthy balance between debt and assets to support its financial stability and growth prospects.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
DTE Energy Company
DTE
0.45
American Electric Power Co Inc
AEP
0.38
Black Hills Corporation
BKH
0.42
CenterPoint Energy Inc
CNP
0.44
Clearway Energy Inc Class C
CWEN
0.51
Constellation Energy Corp
CEG
0.15
Dominion Energy Inc
D
0.39
Edison International
EIX
0.37
Entergy Corporation
ETR
0.39
Eversource Energy
ES
0.42
FirstEnergy Corporation
FE
0.00