DTE Energy Company (DTE)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	11,699,000	11,592,000	11,106,000	11,173,000	11,050,000	10,850,000	10,481,000	10,642,000	10,397,000	8,980,000	8,574,000	8,863,000	8,705,000	8,567,000	12,378,000	12,552,000	12,425,000	12,323,000	11,724,000	11,822,000
Debt-to-equity ratio		1.88	2.04	2.02	1.94	1.77	1.76	1.83	1.82	1.73	2.10	2.13	2.06	2.00	2.01	1.85	1.63	1.56	1.51	1.54	1.47

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 been showing an increasing trend over the past few years, starting at 1.47 as of March 31, 2020, and reaching 1.88 as of December 31, 2024. This indicates that the company has been relying more on debt to finance its operations in comparison to its equity.

The ratio increased gradually from 1.47 in March 2020 to 2.13 in June 2022, representing a significant increase in leverage during this period. However, from September 2022 to December 2024, the ratio fluctuated between 1.73 and 2.04, with a slight downward trend towards the end of the period.

Overall, the debt-to-equity ratio of DTE Energy Company peaked at 2.13 in June 2022 but has since decreased and stabilized around 1.88 by December 31, 2024. This suggests that the company may have adjusted its capital structure or reduced its reliance on debt financing during the latter part of the period under review.