DTE Energy Company (DTE)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	11,672,000	10,740,000	10,396,000	10,545,000
Debt-to-equity ratio		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	1.42	1.18	1.19	1.10

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 been relatively stable over the past eight quarters, ranging from 1.83 to 2.23. This indicates that the company has been financing its operations with a mix of debt and equity consistently.

In the most recent quarter, Q4 2023, the debt-to-equity ratio stood at 1.89, showing a slight increase compared to the previous quarter. This may suggest that the company has taken on slightly more debt relative to equity in its capital structure.

Overall, the fluctuation in the debt-to-equity ratio within this range implies that DTE Energy Co. has maintained a balance between debt and equity in funding its operations and investments. It is essential for investors and stakeholders to monitor this ratio over time to assess the company's leverage and financial risk profile.