DT Midstream Inc (DTM)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,065,000 | 3,064,000 | 3,062,000 | 3,061,000 | 3,059,000 | 3,058,000 | 3,057,000 | 3,033,000 | 3,036,000 | 3,037,000 | 3,037,000 |
| Total stockholders’ equity | US$ in thousands | 4,139,000 | 4,079,000 | 4,052,000 | 4,023,000 | 4,007,000 | 3,978,000 | 3,923,000 | 3,890,000 | 3,872,000 | 3,839,000 | 3,830,000 |
| Debt-to-capital ratio | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,065,000K ÷ ($3,065,000K + $4,139,000K)
= 0.43
The debt-to-capital ratio of DT Midstream Inc has remained relatively stable over the past eight quarters, ranging between 0.43 and 0.46. This indicates that the company's level of debt in relation to its total capital has remained consistent during this period. A ratio of around 0.44 suggests that DT Midstream Inc relies on debt to finance approximately 44% of its capital structure on average. Overall, the stability of the debt-to-capital ratio may indicate a prudent approach to managing debt levels and maintaining a balanced capital structure.
Peer comparison
Dec 31, 2023