DT Midstream Inc (DTM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,627,000K
= 0.00
The debt-to-equity ratio for DT Midstream Inc remained stable at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company did not have any long-term debt during this period and relied solely on equity to finance its operations and investments. A debt-to-equity ratio of 0.00 signifies that the company's equity financing surpasses its debt financing, reflecting a conservative financial structure with potentially lower financial risk. Investors and creditors may view this positively as it suggests that the company's operations are not heavily leveraged and that it has a lower risk of default.
Peer comparison
Dec 31, 2024