DT Midstream Inc (DTM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,935,000 | 8,982,000 | 8,833,000 | 8,166,000 | 8,342,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,935,000K
= 0.00
The debt-to-assets ratio of DT Midstream Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, which can be seen as a positive sign of financial stability and a strong capital structure. Investors and creditors may view this ratio favorably, as it suggests lower financial risk and a more secure financial position for the company.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
DT Midstream Inc
DTM
0.00
Antero Midstream Partners LP
AM
0.54
Archrock Inc
AROC
0.57
Kinder Morgan Inc
KMI
0.42
Targa Resources Inc
TRGP
0.00
Williams Companies Inc
WMB
0.47