DT Midstream Inc (DTM)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 68,000 | 77,000 | 73,000 | 41,000 | 56,000 | 30,000 | 45,000 | 95,000 | 61,000 | 355,000 | 345,000 | 281,000 | 132,000 | 128,000 | 37,000 | 29,000 | 34,000 |
| Short-term investments | US$ in thousands | — | 4,000 | — | — | — | — | — | — | — | — | — | — | 1,691,000 | 1,687,000 | — | — | — |
| Total current liabilities | US$ in thousands | 426,000 | 262,000 | 306,000 | 322,000 | 434,000 | 424,000 | 361,000 | 698,000 | 614,000 | 249,000 | 180,000 | 188,000 | 177,000 | 195,000 | 107,000 | 80,000 | 3,023,000 |
| Cash ratio | 0.16 | 0.31 | 0.24 | 0.13 | 0.13 | 0.07 | 0.12 | 0.14 | 0.10 | 1.43 | 1.92 | 1.49 | 10.30 | 9.31 | 0.35 | 0.36 | 0.01 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($68,000K
+ $—K)
÷ $426,000K
= 0.16
The cash ratio of DT Midstream Inc, which measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents, has shown significant fluctuations over the observed periods. The ratio was low in December 2020 at 0.01, indicating a limited ability to cover short-term obligations with cash alone.
However, there was a substantial improvement in the cash ratio by September 2021, reaching 9.31, and it continued to increase to 10.30 by December 2021. This surge in the cash ratio suggests that the company had a strong cash position relative to its short-term liabilities during that period.
In the following quarters, the cash ratio declined but remained at relatively healthy levels above 1, indicating that DT Midstream Inc still had a sufficient amount of cash to meet its short-term obligations. However, by December 2022, the ratio decreased significantly to 0.10, signaling a potential decrease in the company's ability to cover its short-term liabilities with available cash.
Despite some fluctuations in the subsequent periods, the cash ratio generally stayed within a moderate range, with the highest value reported in June 2022 (1.92) and the lowest in September 2023 (0.07). Overall, the cash ratio of DT Midstream Inc displayed variability over time, reflecting fluctuations in the company's cash position and its ability to meet short-term obligations solely with cash and cash equivalents.
Peer comparison
Dec 31, 2024