DT Midstream Inc (DTM)
Debt-to-equity 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-equity ratio | 0.74 | 0.75 | 0.76 | 0.76 | 0.76 | 0.77 | 0.78 | 0.78 | 0.78 | 0.79 | 0.79 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,065,000K ÷ $4,139,000K
= 0.74
The debt-to-equity ratio of DT Midstream Inc has remained relatively stable over the past eight quarters, ranging between 0.77 and 0.86. A debt-to-equity ratio of 0.78 indicates that the company has $0.78 in debt for every $1 of equity. This ratio suggests that the company is financing its operations with a combination of debt and equity, with a slightly higher reliance on debt in some quarters. Overall, the company's debt levels appear to be manageable and within a reasonable range, indicating a balanced capital structure. It would be beneficial to continue monitoring this ratio over time to ensure that the company's financial risk remains controlled and sustainable.
Peer comparison
Dec 31, 2023