DTE Debt to Equity Ratio vs Total Assets Analysis
DTE Stock | USD 111.55 1.43 1.30% |
Trend analysis of DTE Energy balance sheet accounts such as Short and Long Term Debt Total of 11 B or Other Current Liab of 652.7 M provides information on DTE Energy's total assets, liabilities, and equity, which is the actual value of DTE Energy to its prevalent stockholders. By breaking down trends over time using DTE Energy balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
DTE |
About DTE Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of DTE Energy at a specified time, usually calculated after every quarter, six months, or one year. DTE Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of DTE Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which DTE currently owns. An asset can also be divided into two categories, current and non-current.
DTE Energy Balance Sheet Chart
DTE Energy Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how DTE Energy uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, DTE Energy's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Common Stock Total Equity is expected to grow to about 8 B, whereas Total Assets are forecasted to decline to about 28.3 B. Add Fundamental
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of DTE Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in DTE Energy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on DTE Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of DTE Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from DTE Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DTE Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.As of April 25, 2024, Selling General Administrative is expected to decline to about 356.7 M. In addition to that, Tax Provision is expected to decline to about 103.2 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.3B | 3.7B | 4.3B | 4.1B | Total Revenue | 15.0B | 19.2B | 12.7B | 8.4B |
DTE Energy fundamental ratios Correlations
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DTE Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DTE Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 185M | 193M | 194M | 196M | 206M | 180.2M | |
Total Assets | 41.9B | 45.5B | 39.7B | 42.7B | 44.8B | 28.3B | |
Short Long Term Debt Total | 17.6B | 19.7B | 18.3B | 19.2B | 21.0B | 11.0B | |
Other Current Liab | 652M | 754M | 975M | (1.1B) | 700M | 652.7M | |
Total Current Liabilities | 4.0B | 2.7B | 6.3B | 5.2B | 5.9B | 3.4B | |
Total Stockholder Equity | 11.7B | 12.4B | 8.7B | 10.4B | 11.1B | 7.6B | |
Property Plant And Equipment Net | 25.5B | 28.1B | 27.0B | 28.9B | 28.3B | 16.6B | |
Current Deferred Revenue | 721M | 368M | 311M | 2.4B | 380M | 431.0M | |
Net Debt | 17.5B | 19.1B | 18.2B | 19.2B | 20.9B | 10.9B | |
Retained Earnings | 6.6B | 7.2B | 3.4B | 3.8B | 4.4B | 3.8B | |
Accounts Payable | 1.1B | 1.0B | 1.4B | 1.6B | 1.4B | 932.4M | |
Cash | 93M | 514M | 28M | 33M | 26M | 24.7M | |
Non Current Assets Total | 38.8B | 42.0B | 36.4B | 38.5B | 41.2B | 25.3B | |
Non Currrent Assets Other | 182M | 144M | 2.3B | 4.8B | 7.8B | 8.2B | |
Cash And Short Term Investments | 93M | 514M | 28M | 33M | 26M | 24.7M | |
Net Receivables | 1.9B | 1.8B | 1.8B | 2.2B | 1.8B | 1.6B | |
Common Stock Total Equity | 5.2B | 5.4B | 5.4B | 6.7B | 7.6B | 8.0B | |
Liabilities And Stockholders Equity | 41.9B | 45.5B | 39.7B | 42.7B | 44.8B | 28.3B | |
Non Current Liabilities Total | 26.0B | 30.2B | 24.7B | 27.1B | 27.8B | 16.0B | |
Inventory | 759M | 716M | 858M | 942M | 1.1B | 700.6M | |
Other Current Assets | 214M | 358M | 413M | 685M | 350M | 498.1M | |
Other Stockholder Equity | 164M | 10.1B | 8M | 7.4B | 6.7B | 4.9B | |
Total Liab | 30.0B | 32.9B | 31.0B | 32.3B | 33.7B | 20.6B | |
Property Plant And Equipment Gross | 25.5B | 28.1B | 37.1B | 39.3B | 37.4B | 39.3B | |
Total Current Assets | 3.1B | 3.5B | 3.3B | 4.2B | 3.5B | 3.1B | |
Accumulated Other Comprehensive Income | (148M) | (137M) | (112M) | (62M) | (67M) | (70.4M) | |
Short Term Debt | 1.5B | 540M | 3.6B | 2.3B | 3.4B | 3.6B | |
Common Stock | 5.2B | 5.4B | 5.4B | 6.7B | 6.7B | 4.0B | |
Other Liab | 10.0B | 11.1B | 10.1B | 10.2B | 11.7B | 6.7B | |
Other Assets | 6.3B | 7.0B | 6.8B | 4.9B | 5.6B | 5.4B | |
Long Term Debt | 15.9B | 19.0B | 14.5B | 16.9B | 17.4B | 10.8B | |
Property Plant Equipment | 25.3B | 28.0B | 26.9B | 28.8B | 33.1B | 17.7B | |
Intangible Assets | 2.4B | 2.3B | 177M | 166M | 156M | 148.2M | |
Retained Earnings Total Equity | 6.6B | 7.2B | 3.4B | 3.8B | 4.4B | 4.6B | |
Deferred Long Term Liab | 4.2B | 4.1B | 3.5B | 4.1B | 4.8B | 5.0B | |
Net Tangible Assets | 11.7B | 12.4B | 8.7B | 10.4B | 9.4B | 11.4B |
Pair Trading with DTE Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DTE Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DTE Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with DTE Stock
0.71 | D | Dominion Energy Earnings Call This Week | PairCorr |
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0.8 | FE | FirstEnergy Earnings Call Tomorrow | PairCorr |
Moving against DTE Stock
0.62 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
0.43 | EDN | Empresa Distribuidora Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to DTE Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DTE Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DTE Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DTE Energy to buy it.
The correlation of DTE Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DTE Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DTE Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DTE Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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When running DTE Energy's price analysis, check to measure DTE Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DTE Energy is operating at the current time. Most of DTE Energy's value examination focuses on studying past and present price action to predict the probability of DTE Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DTE Energy's price. Additionally, you may evaluate how the addition of DTE Energy to your portfolios can decrease your overall portfolio volatility.
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Is DTE Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DTE Energy. If investors know DTE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DTE Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.539 | Dividend Share 3.878 | Earnings Share 6.76 | Revenue Per Share 61.869 | Quarterly Revenue Growth (0.24) |
The market value of DTE Energy is measured differently than its book value, which is the value of DTE that is recorded on the company's balance sheet. Investors also form their own opinion of DTE Energy's value that differs from its market value or its book value, called intrinsic value, which is DTE Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DTE Energy's market value can be influenced by many factors that don't directly affect DTE Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DTE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTE Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.