DT Midstream Inc (DTM)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,627,000 | 4,139,000 | 4,007,000 | 3,872,000 | 4,073,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,627,000K)
= 0.00
DT Midstream Inc's debt-to-capital ratio has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity-financed, potentially reducing financial risk associated with debt repayment. However, it is important to note that a low debt-to-capital ratio may also imply missed opportunities to take advantage of debt financing for potential growth or tax benefits. Further analysis of the company's financial strategy and objectives is warranted to assess the implications of its debt-free capital structure.
Peer comparison
Dec 31, 2024