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