DTE Energy Company (DTE)

Debt-to-assets 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
Long-term debt	US$ in thousands	21,963,000	23,635,000	22,460,000	21,633,000	19,546,000	19,123,000	19,221,000	19,368,000	17,978,000	18,846,000	18,255,000	18,249,000	17,378,000	17,222,000	22,909,000	20,432,000	19,439,000	18,660,000	17,997,000	17,398,000
Total assets	US$ in thousands	48,846,000	49,806,000	47,811,000	45,902,000	44,755,000	43,730,000	42,921,000	42,518,000	42,683,000	41,954,000	41,314,000	40,360,000	39,719,000	39,435,000	49,636,000	46,699,000	45,496,000	44,439,000	43,739,000	43,232,000
Debt-to-assets ratio		0.45	0.47	0.47	0.47	0.44	0.44	0.45	0.46	0.42	0.45	0.44	0.45	0.44	0.44	0.46	0.44	0.43	0.42	0.41	0.40

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 general increasing trend over the past few years, starting at 0.40 as of March 31, 2020, and gradually rising to 0.47 by June 30, 2024. This indicates that the company has been utilizing more debt relative to its total assets over the period under review.

However, it is worth noting that there have been fluctuations in the ratio, with some quarters showing slight decreases and then increases in subsequent periods. For example, the ratio decreased from 0.46 as of March 31, 2024, to 0.45 by June 30, 2024, before rising again to 0.47 by the end of June 2024.

The debt-to-assets ratio of 0.47 as of June 30, 2024, suggests that 47% of the company's total assets are financed by debt, indicating a moderate level of leverage. It is essential for stakeholders to closely monitor this ratio to assess the company's ability to manage its debt levels and financial risk effectively.