DT Midstream Inc (DTM)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,935,000 | 8,587,000 | 8,986,000 | 8,951,000 | 8,982,000 | 8,862,000 | 8,726,000 | 8,981,000 | 8,833,000 | 8,419,000 | 8,290,000 | 8,211,000 | 8,166,000 | 8,127,000 | 7,990,000 | 8,015,000 | 1,005,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 used debt financing to fund its operations or investments during this period. A debt-to-assets ratio of 0.00 signifies that the company's total assets are entirely financed by equity rather than debt. While this can be a positive sign indicating financial stability and no reliance on borrowing, it is essential to consider the overall financial strategy and goals of the company in evaluating this ratio.
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