DT Midstream Inc (DTM)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 310,000 | 249,000 | 256,000 | 229,000 | 272,000 | 200,000 | 210,000 | 249,000 | 262,000 | 533,000 | 515,000 | 442,000 | 360,000 | 310,000 | 180,000 | 184,000 | 42,000 |
| 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 |
| Current ratio | 0.73 | 0.95 | 0.84 | 0.71 | 0.63 | 0.47 | 0.58 | 0.36 | 0.43 | 2.14 | 2.86 | 2.35 | 2.03 | 1.59 | 1.68 | 2.30 | 0.01 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $310,000K ÷ $426,000K
= 0.73
The current ratio of DT Midstream Inc has shown fluctuations over the period from December 31, 2020, to December 31, 2024, indicating variations in the company's short-term liquidity position.
The current ratio began very low at 0.01 on December 31, 2020, which suggests that the company had minimal current assets available to cover its current liabilities. This could indicate potential liquidity challenges or inefficiencies in managing short-term obligations.
However, the current ratio improved significantly over the subsequent quarters, reaching its peak at 2.86 on June 30, 2022. During this period, the company exhibited a strong ability to meet its short-term obligations with its current assets, indicating a healthier liquidity position.
Following this peak, the current ratio experienced a decline, dropping to 0.43 by December 31, 2022. This significant decrease may signal issues with managing current liabilities relative to current assets, potentially posing liquidity risks for the company.
The current ratio continued to fluctuate throughout the following quarters, remaining below 1 in most periods, which suggests that the company may have struggled to maintain a comfortable cushion of current assets to cover its short-term liabilities.
Overall, the analysis of DT Midstream Inc's current ratio highlights the importance of monitoring changes in liquidity levels to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024