DTE Energy Company (DTE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 11,699,000 | 11,050,000 | 10,397,000 | 8,705,000 | 12,425,000 |
| Debt-to-capital ratio | 0.65 | 0.64 | 0.63 | 0.67 | 0.61 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $21,963,000K ÷ ($21,963,000K + $11,699,000K)
= 0.65
The debt-to-capital ratio for DTE Energy Company has shown a moderate upward trend over the past five years, increasing from 0.61 at the end of 2020 to 0.65 at the end of 2024. This ratio indicates that 65% of the company's capital structure is financed through debt, while the remaining 35% comes from equity. While the ratio has fluctuated slightly, it generally suggests that DTE Energy relies more on debt to fund its operations and investments. It is crucial for investors and stakeholders to monitor this ratio to assess the company's financial leverage and risk exposure.
Peer comparison
Dec 31, 2024