DTE Energy Company (DTE)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 16,606,000 | 12,708,000 | 12,418,000 | 11,624,000 |
| Total assets | US$ in thousands | 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 | 42,268,000 | 38,345,000 | 36,851,000 | 36,434,000 |
| Debt-to-assets ratio | 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 | 0.39 | 0.33 | 0.34 | 0.32 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $19,546,000K ÷ $44,755,000K
= 0.44
The debt-to-assets ratio of DTE Energy Co. has been relatively stable, ranging between 0.45 to 0.47 over the past eight quarters. This ratio indicates that, on average, the company relies on debt to finance approximately 46% to 47% of its total assets.
A debt-to-assets ratio of around 0.46 suggests that DTE Energy Co. has a moderate level of debt compared to its total assets. The stability of this ratio over time may indicate that the company has been managing its debt levels consistently.
It is important to note that a lower debt-to-assets ratio signifies lower financial risk, as it indicates a lower reliance on debt financing. Conversely, a higher ratio could indicate higher financial risk due to increased debt burden. DTE Energy Co.'s consistent ratio suggests a balanced approach to debt management.
To gain a more comprehensive understanding of the company's financial health, it would be beneficial to analyze other financial ratios and factors in conjunction with the debt-to-assets ratio.
Peer comparison
Dec 31, 2023