DTE Energy Company (DTE)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 19,546,000 | 17,978,000 | 17,378,000 | 19,439,000 | 16,606,000 |
| Total stockholders’ equity | US$ in thousands | 11,050,000 | 10,397,000 | 8,705,000 | 12,425,000 | 11,672,000 |
| Debt-to-equity ratio | 1.77 | 1.73 | 2.00 | 1.56 | 1.42 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $19,546,000K ÷ $11,050,000K
= 1.77
The debt-to-equity ratio of DTE Energy Co. has shown fluctuations over the past five years. In 2023, the ratio stood at 1.89, compared to 1.84 in 2022, indicating a slight increase in leverage. This suggests that the company relied more on debt financing relative to equity in 2023. In 2021, the ratio peaked at 2.09, reflecting a higher level of debt compared to equity in that year. However, the company managed to reduce its leverage in 2020 and 2019, with ratios of 1.57 and 1.50, respectively.
Overall, the trend of the debt-to-equity ratio for DTE Energy Co. indicates some variability in the company's capital structure over the years, with a recent uptick in leverage as of 2023. It is essential for investors and stakeholders to monitor the company's leverage levels to assess its financial risk and ability to meet its debt obligations.
Peer comparison
Dec 31, 2023