DTE Energy Company (DTE)
Debt-to-equity 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-equity ratio | 1.88 | 1.77 | 1.73 | 2.00 | 1.56 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $21,963,000K ÷ $11,699,000K
= 1.88
The debt-to-equity ratio of DTE Energy Company has shown fluctuations over the past five years. In December 31, 2020, the ratio was 1.56, indicating that the company had $1.56 in debt for every $1 of equity. By December 31, 2021, the ratio increased to 2.00, suggesting higher reliance on debt financing compared to equity. However, there was a slight decrease in the ratio to 1.73 by December 31, 2022, followed by a slight increase to 1.77 by December 31, 2023. The ratio further increased to 1.88 by December 31, 2024.
Overall, the trend in the debt-to-equity ratio indicates that DTE Energy Company has been gradually increasing its debt relative to equity over the years, which could signify a higher financial leverage and potential risk associated with debt repayment obligations. It is important for stakeholders to closely monitor this ratio to assess the company's financial health and risk exposure.
Peer comparison
Dec 31, 2024