DT Midstream (DT Midstream) Debt-to-Equity

: 0.79 (As of Dec. 2023)

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DT Midstream's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $178.0 Mil. DT Midstream's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,092.0 Mil. DT Midstream's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,139.0 Mil. DT Midstream's debt to equity for the quarter that ended in Dec. 2023 was 0.79.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for DT Midstream's Debt-to-Equity or its related term are showing as below:

DTM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.79 Med: 0.8 Max: 0.86
Current: 0.79

During the past 6 years, the highest Debt-to-Equity Ratio of DT Midstream was 0.86. The lowest was 0.79. And the median was 0.80.

DTM's Debt-to-Equity is ranked worse than
68.99% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs DTM: 0.79

DT Midstream Debt-to-Equity Historical Data

The historical data trend for DT Midstream's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

DT Midstream Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.83

0.79

0.80

0.86

0.79

DT Midstream Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity														0.86	0.87	0.79	0.79	0.79

Competitive Comparison

For the Oil & Gas Midstream subindustry, DT Midstream's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DT Midstream Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, DT Midstream's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where DT Midstream's Debt-to-Equity falls into.

DT Midstream Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DT Midstream's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(178	+	3092)	/	4139
	=	0.79

DT Midstream's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(178	+	3092)	/	4139
	=	0.79

DT Midstream (NYSE:DTM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

DT Midstream Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of DT Midstream's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

DT Midstream (DT Midstream) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DT Midstream Inc (NYSE:DTM) » Definitions » Debt-to-Equity

Comparable Companies

ENLC FRO AM ETRN PAGP STNG CEQP HEP INSW GLNG TSX:ENB EPD WMB ET LNG OKE KMI MPLX TSX:TRP CQP

Traded in Other Exchanges

N/A

Address

500 Woodward Avenue, Suite 2900, Detroit, MI, USA, 48226-1279

Website

https://www.dtmidstream.com

DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities. It provides multiple, integrated natural gas services to customers through interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities, and gathering systems and related treatment plants and compression and surface facilities. The segments of the group are Pipeline and Gathering. It generates revenue from pipeline, storage, and gathering systems, substantially all of which are located in the Midwestern U.S., Eastern Canada, Northeastern U.S., and Gulf Coast regions.

Executives

Jeffrey A Jewell	officer: Executive V.P., CFO	ONE ENERGY PLAZA, DETROIT MI 48226
Peter I Tumminello	director	TEN PEACHTREE PLACE, ATLANTA GA 30309
Skaggs Robert C Jr	director, officer: Executive Chairman	5151 SAN FELIPE, SUITE 2500, HOUSTON TX 77056
Elaine M Pickle	director	ONE ENERGY PLAZA, DETROIT MI 48226
David Slater	director, officer: President and CEO	ONE ENERGY PLAZA, DETROIT MI 48226
Angela N Archon	director	294 ROUTE 100, BUILDING 1, SOMERS NY 10589
Melissa Cox	officer: Sr. VP Admin.	500 WOODWARD AVE, SUITE 2900, DETROIT MI 48226
Wright Iii Lassiter	director	500 PLAZA DRIVE, C/O QUEST DIAGNOSTICS, SECAUCUS NJ 07094
Dwayne Andree Wilson	director	6700 LAS COLINAS BOULEVARD, IRVING TX 75039
Stephen W Baker	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Redmond Richard L Jr	officer: E.V.P., Chief Admin. Off.	ONE ENERGY PLAZA, DETROIT MI 48226
Wendy Ellis	officer: E.V.P., Gen Counsel & Corp Sec	ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Christopher Zona	officer: E.V.P., Chief Oper. Off.	ONE ENERGY PLAZA, DETROIT MI 48226
Dte Energy Co	10 percent owner	ONE ENERGY PLAZA, DETROIT MI 48226