DT Midstream Inc (DTM)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 272,000 | 200,000 | 210,000 | 249,000 | 262,000 | 533,000 | 515,000 | 442,000 | 360,000 | 310,000 | 180,000 |
| Total current liabilities | US$ in thousands | 434,000 | 424,000 | 361,000 | 698,000 | 614,000 | 249,000 | 180,000 | 188,000 | 177,000 | 195,000 | 107,000 |
| Current ratio | 0.63 | 0.47 | 0.58 | 0.36 | 0.43 | 2.14 | 2.86 | 2.35 | 2.03 | 1.59 | 1.68 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $272,000K ÷ $434,000K
= 0.63
The current ratio of DT Midstream Inc has shown significant fluctuations over the last eight quarters. In Q4 2023, the current ratio stands at 0.63, indicating that the company may have difficulties meeting its short-term obligations with its current assets. This is an improvement from the previous quarter (Q3 2023) where the ratio was 0.47, suggesting a stronger ability to cover short-term liabilities.
Comparing current ratios to the same quarter in the previous year, DT Midstream Inc has experienced a decline in Q4 2023 (0.63) compared to Q4 2022 (0.43). The significant increase in the current ratio in Q3 and Q2 2022 (2.14 and 2.86 respectively) may have been a temporary anomaly or a result of specific events impacting the company's current assets and liabilities during those periods.
Overall, the current ratio for DT Midstream Inc appears to be volatile and it would be important to further investigate the underlying reasons for these fluctuations to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2023