DT Midstream Inc (DTM)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 272,000 | 262,000 | 360,000 |
| Total current liabilities | US$ in thousands | 434,000 | 614,000 | 177,000 |
| Current ratio | 0.63 | 0.43 | 2.03 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $272,000K ÷ $434,000K
= 0.63
DT Midstream Inc's current ratio has fluctuated significantly over the past four years. In 2023, the current ratio stands at 0.63, indicating that the company may potentially face liquidity challenges in meeting its short-term obligations with its current assets. This is a decrease from the previous year, where the current ratio was 0.43, suggesting a worsening liquidity position.
In contrast, in 2021, DT Midstream Inc exhibited a more favorable liquidity position with a current ratio of 2.03, indicating that it had more than enough current assets to cover its current liabilities. However, this ratio dropped sharply in 2020 to 0.15, reflecting a significant deterioration in the company's short-term liquidity position.
Overall, the trend in DT Midstream Inc's current ratio raises concerns about its ability to efficiently manage its short-term obligations and highlights the importance of closely monitoring its liquidity position in the future.
Peer comparison
Dec 31, 2023