DTE Energy Co (STU:DGY) LT-Debt-to-Total-Asset : 0.41 (As of Sep. 2024)

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What is DTE Energy Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. DTE Energy Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.41.

DTE Energy Co's long-term debt to total assets ratio declined from Sep. 2023 (0.43) to Sep. 2024 (0.41). It may suggest that DTE Energy Co is progressively becoming less dependent on debt to grow their business.

DTE Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for DTE Energy Co's LT-Debt-to-Total-Asset 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.

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DTE Energy Co LT-Debt-to-Total-Asset Chart

DTE Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.42

0.37

0.40

0.39

DTE Energy Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.39	0.42	0.41	0.41

DTE Energy Co LT-Debt-to-Total-Asset Calculation

DTE Energy Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	16073.176	/	41040.335
	=	0.39

DTE Energy Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	18575.917	/	44875.206
	=	0.41

DTE Energy Co (STU:DGY) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

DTE Energy Co LT-Debt-to-Total-Asset Related Terms

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DTE Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » DTE Energy Co (STU:DGY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

DTE:USA 0I6Q:UK DGY:Germany

Address

One Energy Plaza, Detroit, MI, USA, 48226-1279

Website

https://www.dteenergy.com

DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.

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