DT Midstream Inc (DTM)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,935,000 | 8,587,000 | 8,986,000 | 8,951,000 | 8,982,000 | 8,862,000 | 8,726,000 | 8,981,000 | 8,833,000 | 8,419,000 | 8,290,000 | 8,211,000 | 8,166,000 | 8,127,000 | 7,990,000 | 8,015,000 | 1,005,000 |
| Total stockholders’ equity | US$ in thousands | 4,627,000 | 4,218,000 | 4,197,000 | 4,166,000 | 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 | 3,888,000 | 4,073,000 |
| Financial leverage ratio | 2.15 | 2.04 | 2.14 | 2.15 | 2.17 | 2.17 | 2.15 | 2.23 | 2.20 | 2.12 | 2.11 | 2.11 | 2.11 | 2.12 | 2.09 | 2.06 | 0.25 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,935,000K ÷ $4,627,000K
= 2.15
The financial leverage ratio of DT Midstream Inc has been steadily increasing from 0.25 as of December 31, 2020, to 2.15-2.20 range as of December 31, 2022 to March 31, 2024. This indicates that the company has been relying more on debt to finance its operations and investments over time. A higher leverage ratio suggests higher financial risk as the company has a greater proportion of debt in its capital structure compared to equity. DT Midstream Inc should closely monitor its leverage ratio to ensure it remains at a manageable level to avoid financial distress.
Peer comparison
Dec 31, 2024