DTE Common Stock vs Net Debt Analysis

DTW Stock

USD 23.45 0.10 0.43%

DTE Energy financial indicator trend analysis is much more than just examining DTE Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DTE Energy is a good investment. Please check the relationship between DTE Energy Common Stock and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy Co. 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 more information on how to buy DTE Stock please use our How to Invest in DTE Energy guide.

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DTE Energy Common Stock account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between DTE Energy's Common Stock and Net Debt is 0.82. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Debt in the same time period over historical financial statements of DTE Energy Co, assuming nothing else is changed. The correlation between historical values of DTE Energy's Common Stock and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of DTE Energy Co are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock i.e., DTE Energy's Common Stock and Net Debt go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Common Stock

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 Co. 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 more information on how to buy DTE Stock please use our How to Invest in DTE Energy guide.At this time, DTE Energy's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 7.70 in 2024, whereas Selling General Administrative is likely to drop slightly above 424.2 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	669M	717M	853M	597.5M
Depreciation And Amortization	1.4B	1.5B	1.7B	1.1B

Interest Expense Depreciation And Amortization

DTE Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Other Stockholder Equity	Total Liab	Short Term Debt	Common Stock	Property Plant And Equipment Net	Cash	Other Assets	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Total Current Assets	Non Current Liabilities Total	Net Tangible Assets	Current Deferred Revenue	Non Currrent Assets Other	Long Term Debt	Net Receivables
Total Assets		0.92	0.03	0.63	-0.15	0.92	0.58	0.71	0.99	-0.22	0.79	0.48	0.77	0.77	0.15	0.18	0.15	-0.13	0.85	0.75	0.66	-0.38	0.68	0.82	0.81	0.76
Short Long Term Debt Total	0.92		-0.08	0.68	0.06	1.0	0.47	0.76	0.96	0.0	0.75	0.61	0.82	0.9	0.17	0.02	0.17	-0.19	0.93	0.64	0.86	-0.49	0.72	0.88	0.9	0.83
Other Current Liab	0.03	-0.08		-0.13	-0.36	-0.08	0.37	-0.33	0.02	-0.59	0.03	-0.13	-0.29	-0.32	0.1	0.2	0.1	0.11	-0.13	-0.01	-0.18	0.22	-0.55	-0.05	-0.16	-0.35
Total Current Liabilities	0.63	0.68	-0.13		-0.07	0.68	0.01	0.87	0.63	0.08	0.69	0.79	0.8	0.8	-0.27	0.3	-0.27	-0.17	0.76	0.54	0.55	-0.61	0.55	0.47	0.66	0.71
Total Stockholder Equity	-0.15	0.06	-0.36	-0.07		0.06	-0.2	-0.13	-0.1	0.79	-0.33	0.07	-0.03	0.25	0.36	-0.85	0.36	0.08	-0.02	-0.62	0.26	-0.15	-0.07	0.12	0.18	0.04
Net Debt	0.92	1.0	-0.08	0.68	0.06		0.46	0.76	0.96	0.0	0.75	0.61	0.82	0.9	0.15	0.02	0.15	-0.19	0.93	0.64	0.86	-0.49	0.72	0.87	0.9	0.84
Retained Earnings	0.58	0.47	0.37	0.01	-0.2	0.46		0.18	0.59	-0.59	0.59	-0.25	0.27	0.25	0.51	0.1	0.51	0.41	0.28	0.51	0.45	0.24	0.26	0.55	0.48	0.34
Accounts Payable	0.71	0.76	-0.33	0.87	-0.13	0.76	0.18		0.72	0.06	0.74	0.63	0.8	0.82	-0.19	0.31	-0.19	-0.05	0.76	0.7	0.64	-0.38	0.78	0.6	0.71	0.91
Non Current Assets Total	0.99	0.96	0.02	0.63	-0.1	0.96	0.59	0.72		-0.19	0.79	0.49	0.78	0.8	0.17	0.14	0.17	-0.12	0.87	0.72	0.73	-0.38	0.7	0.85	0.84	0.79
Other Stockholder Equity	-0.22	0.0	-0.59	0.08	0.79	0.0	-0.59	0.06	-0.19		-0.38	0.33	0.05	0.24	-0.03	-0.54	-0.03	-0.26	0.07	-0.47	0.11	-0.32	0.01	0.03	0.09	0.12
Total Liab	0.79	0.75	0.03	0.69	-0.33	0.75	0.59	0.74	0.79	-0.38		0.34	0.87	0.74	0.19	0.38	0.19	0.01	0.79	0.87	0.73	-0.43	0.61	0.69	0.84	0.68
Short Term Debt	0.48	0.61	-0.13	0.79	0.07	0.61	-0.25	0.63	0.49	0.33	0.34		0.56	0.67	-0.38	0.21	-0.38	-0.5	0.71	0.31	0.41	-0.67	0.31	0.36	0.49	0.55
Common Stock	0.77	0.82	-0.29	0.8	-0.03	0.82	0.27	0.8	0.78	0.05	0.87	0.56		0.9	0.08	0.18	0.08	-0.25	0.92	0.71	0.8	-0.69	0.74	0.73	0.9	0.74
Property Plant And Equipment Net	0.77	0.9	-0.32	0.8	0.25	0.9	0.25	0.82	0.8	0.24	0.74	0.67	0.9		0.12	-0.04	0.12	-0.12	0.9	0.51	0.89	-0.66	0.7	0.74	0.94	0.84
Cash	0.15	0.17	0.1	-0.27	0.36	0.15	0.51	-0.19	0.17	-0.03	0.19	-0.38	0.08	0.12		-0.62	1.0	0.06	0.09	-0.01	0.38	-0.02	-0.06	0.49	0.36	-0.07
Other Assets	0.18	0.02	0.2	0.3	-0.85	0.02	0.1	0.31	0.14	-0.54	0.38	0.21	0.18	-0.04	-0.62		-0.62	-0.01	0.13	0.61	-0.19	0.01	0.11	-0.18	-0.05	0.15
Cash And Short Term Investments	0.15	0.17	0.1	-0.27	0.36	0.15	0.51	-0.19	0.17	-0.03	0.19	-0.38	0.08	0.12	1.0	-0.62		0.06	0.09	-0.01	0.38	-0.02	-0.06	0.49	0.36	-0.07
Good Will	-0.13	-0.19	0.11	-0.17	0.08	-0.19	0.41	-0.05	-0.12	-0.26	0.01	-0.5	-0.25	-0.12	0.06	-0.01	0.06		-0.43	-0.18	-0.03	0.52	-0.04	-0.25	-0.11	0.07
Common Stock Shares Outstanding	0.85	0.93	-0.13	0.76	-0.02	0.93	0.28	0.76	0.87	0.07	0.79	0.71	0.92	0.9	0.09	0.13	0.09	-0.43		0.69	0.8	-0.68	0.64	0.81	0.9	0.72
Total Current Assets	0.75	0.64	-0.01	0.54	-0.62	0.64	0.51	0.7	0.72	-0.47	0.87	0.31	0.71	0.51	-0.01	0.61	-0.01	-0.18	0.69		0.48	-0.28	0.64	0.62	0.6	0.64
Non Current Liabilities Total	0.66	0.86	-0.18	0.55	0.26	0.86	0.45	0.64	0.73	0.11	0.73	0.41	0.8	0.89	0.38	-0.19	0.38	-0.03	0.8	0.48		-0.5	0.62	0.82	0.93	0.73
Net Tangible Assets	-0.38	-0.49	0.22	-0.61	-0.15	-0.49	0.24	-0.38	-0.38	-0.32	-0.43	-0.67	-0.69	-0.66	-0.02	0.01	-0.02	0.52	-0.68	-0.28	-0.5		-0.29	-0.39	-0.58	-0.33
Current Deferred Revenue	0.68	0.72	-0.55	0.55	-0.07	0.72	0.26	0.78	0.7	0.01	0.61	0.31	0.74	0.7	-0.06	0.11	-0.06	-0.04	0.64	0.64	0.62	-0.29		0.62	0.62	0.82
Non Currrent Assets Other	0.82	0.88	-0.05	0.47	0.12	0.87	0.55	0.6	0.85	0.03	0.69	0.36	0.73	0.74	0.49	-0.18	0.49	-0.25	0.81	0.62	0.82	-0.39	0.62		0.86	0.71
Long Term Debt	0.81	0.9	-0.16	0.66	0.18	0.9	0.48	0.71	0.84	0.09	0.84	0.49	0.9	0.94	0.36	-0.05	0.36	-0.11	0.9	0.6	0.93	-0.58	0.62	0.86		0.76
Net Receivables	0.76	0.83	-0.35	0.71	0.04	0.84	0.34	0.91	0.79	0.12	0.68	0.55	0.74	0.84	-0.07	0.15	-0.07	0.07	0.72	0.64	0.73	-0.33	0.82	0.71	0.76

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DTE Energy Account Relationship Matchups

DTE Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	42.3B	45.5B	39.7B	42.7B	44.8B	47.0B
Short Long Term Debt Total	17.6B	19.6B	18.3B	19.2B	21.0B	22.0B
Other Current Liab	994M	958M	1.1B	(1.1B)	870M	689.9M
Total Current Liabilities	4.0B	2.7B	6.3B	5.2B	5.9B	3.2B
Total Stockholder Equity	11.7B	12.4B	8.7B	10.4B	11.1B	10.8B
Net Debt	17.5B	19.1B	18.2B	19.2B	20.9B	22.0B
Retained Earnings	6.6B	7.2B	3.4B	3.8B	4.4B	4.3B
Accounts Payable	1.1B	1B	1.4B	1.6B	1.4B	1.1B
Non Current Assets Total	39.2B	42.0B	36.4B	38.5B	41.2B	43.3B
Liabilities And Stockholders Equity	42.3B	45.5B	39.7B	42.7B	44.8B	47.0B
Other Stockholder Equity	(148M)	(137M)	8M	6.7B	6.0B	5.6B
Total Liab	30.4B	32.9B	31.0B	32.3B	33.7B	18.2B
Accumulated Other Comprehensive Income	(148M)	(137M)	(112M)	(62M)	(67M)	(63.7M)
Short Term Debt	1.5B	523M	3.6B	2.3B	3.4B	3.6B
Common Stock	5.2B	5.4B	5.4B	6.7B	6.7B	4.4B
Property Plant And Equipment Net	25.5B	24.6B	27.0B	28.9B	28.3B	23.7B
Cash	93M	474M	35M	43M	51M	48.5M
Other Assets	4.8B	4.4B	160K	4.3B	5.0B	3.6B
Cash And Short Term Investments	93M	474M	35M	43M	51M	48.5M
Common Stock Shares Outstanding	185M	193M	194M	196M	206M	195.6M
Total Current Assets	3.1B	3.5B	3.3B	4.2B	3.5B	3.2B
Non Current Liabilities Total	26.4B	30.2B	24.7B	27.1B	27.8B	22.3B
Net Tangible Assets	11.7B	12.4B	8.7B	10.4B	9.4B	11.6B
Current Deferred Revenue	172M	379M	210M	171M	2.4B	320.8M
Non Currrent Assets Other	2.5B	9.8B	2.2B	4.9B	5.2B	5.5B
Long Term Debt	15.9B	19.0B	14.5B	16.9B	19.4B	13.3B
Net Receivables	1.9B	1.7B	1.8B	2.2B	1.8B	1.9B
Common Stock Total Equity	5.2B	5.4M	5.4B	6.7B	7.6B	4.5B
Retained Earnings Total Equity	6.6B	7.2B	3.4B	3.8B	4.4B	5.5B
Long Term Debt Total	15.9B	19.0B	14.5B	16.9B	19.4B	13.3B
Inventory	759M	708M	858M	942M	1.1B	887.2M
Other Current Assets	476M	347M	647M	594M	1.0B	616.2M
Property Plant And Equipment Gross	35.1B	411M	37.1B	39.3B	45.2B	28.1B
Non Current Liabilities Other	10.1B	11.2B	10.1B	10.2B	11.8B	9.1B
Intangible Assets	2.4B	199M	177M	166M	156M	148.2M
Property Plant Equipment	25.3B	28.0B	26.9B	28.8B	33.1B	23.6B

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DTE Common Stock vs Net Debt Analysis

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

Correlation Coefficient

Common Stock

Net Debt

DTE Energy fundamental ratios Correlations

DTE Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DTE Energy fundamental ratios Accounts

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Additional Tools for DTE Stock Analysis

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Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.96	Short Long Term Debt Total
Non Current Assets Total	+ 0.96	Net Debt
Long Term Debt	+ 0.94	Property Plant And Equipment Net

Other Assets	- 0.85	Total Stockholder Equity
Net Tangible Assets	- 0.69	Common Stock
Net Tangible Assets	- 0.68	Common Stock Shares Outstanding
Net Tangible Assets	- 0.67	Short Term Debt
Net Tangible Assets	- 0.66	Property Plant And Equipment Net
Cash And Short Term Investments	- 0.62	Other Assets