DT Midstream Inc (DTM)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
DT Midstream Inc has shown consistently low solvency ratios over the years, with the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all at 0.00. This indicates that the company has not relied heavily on debt to fund its operations and has a strong financial position in terms of its ability to cover obligations with assets.
However, the financial leverage ratio has been relatively stable, ranging from 2.04 to 2.23 over the past few years. This suggests that DT Midstream Inc does have some level of financial leverage, but it has been relatively consistent and not showing significant fluctuations.
Overall, based on the solvency ratios, DT Midstream Inc appears to have a strong financial position with low debt levels and a stable financial leverage ratio, indicating a healthy balance between debt and equity in its capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.29 | 4.28 | 4.31 | 4.34 | 4.33 | 4.34 | 4.38 | 4.44 | 4.52 | 4.78 | 4.76 | 4.75 | 4.90 | 3.45 | 3.84 | 3.85 | 3.76 |
The interest coverage ratio of DT Midstream Inc has shown a stable and healthy trend over the analyzed period, starting at 3.76 in December 2020 and consistently increasing to reach 4.29 by December 2024. This indicates that the company's operating income is more than sufficient to cover its interest expenses, providing a buffer against potential financial difficulties. The consistent improvement in the interest coverage ratio reflects the company's ability to generate enough earnings to meet its interest payment obligations comfortably. This trend suggests that DT Midstream Inc has a strong financial position and is effectively managing its debt obligations in relation to its operating income. Overall, the increasing trend in the interest coverage ratio is a positive indicator of the company's financial health and ability to service its debt.