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