DT Midstream Balance Sheet Health
Financial Health criteria checks 2/6
DT Midstream has a total shareholder equity of $4.3B and total debt of $3.2B, which brings its debt-to-equity ratio to 75.5%. Its total assets and total liabilities are $9.0B and $4.7B respectively. DT Midstream's EBIT is $467.0M making its interest coverage ratio 3.1. It has cash and short-term investments of $56.0M.
Key information
75.5%
Debt to equity ratio
US$3.23b
Debt
Interest coverage ratio | 3.1x |
Cash | US$56.00m |
Equity | US$4.28b |
Total liabilities | US$4.70b |
Total assets | US$8.98b |
Recent financial health updates
Recent updates
Is DT Midstream (NYSE:DTM) Using Too Much Debt?
Mar 17DT Midstream (NYSE:DTM) Has Announced That It Will Be Increasing Its Dividend To $0.735
Feb 28There Is A Reason DT Midstream, Inc.'s (NYSE:DTM) Price Is Undemanding
Feb 18DT Midstream: A 5.2% Dividend With A 41% Payout Ratio
Feb 14DT Midstream's (NYSE:DTM) Returns Have Hit A Wall
Jan 27Are Investors Undervaluing DT Midstream, Inc. (NYSE:DTM) By 24%?
Jan 06Enterprise Products Partners And DT Midstream: 2 Pipeline Stocks For Cash Flow
Nov 27DT Midstream Goes Natural (Gas)
Oct 22DT Midstream: Overlooked With Attractive Yield And No Debt Maturities Until 2028
Oct 10Capital Allocation Trends At DT Midstream (NYSE:DTM) Aren't Ideal
Oct 10Estimating The Intrinsic Value Of DT Midstream, Inc. (NYSE:DTM)
Sep 21DT Midstream: Strong Operational Performance Doesn't Make For A Buy Yet
Sep 16DT Midstream: New Growth Projects And A High Yield
Aug 29Be Wary Of DT Midstream (NYSE:DTM) And Its Returns On Capital
Jun 30Estimating The Intrinsic Value Of DT Midstream, Inc. (NYSE:DTM)
Jun 06DT Midstream: Asset Optimization Fostering Growth
May 29Here's What Analysts Are Forecasting For DT Midstream, Inc. (NYSE:DTM) Following Its Earnings Miss
May 05There Are Reasons To Feel Uneasy About DT Midstream's (NYSE:DTM) Returns On Capital
Mar 10DT Midstream Q4 2022 Earnings Preview
Feb 15Calculating The Intrinsic Value Of DT Midstream, Inc. (NYSE:DTM)
Feb 06DT Midstream: Higher Dividends Are Very Likely Coming Soon (Rating Upgrade)
Jan 09DT Midstream, Inc.'s (NYSE:DTM) Price Is Out Of Tune With Earnings
Jan 06DT Midstream goes ex dividend tomorrow
Dec 15Do DT Midstream's (NYSE:DTM) Earnings Warrant Your Attention?
Nov 25DT Midstream Q3 2022 Earnings Preview
Oct 27An Intrinsic Calculation For DT Midstream, Inc. (NYSE:DTM) Suggests It's 34% Undervalued
Oct 21DT Midstream closes on purchase of additional ownership in millennium pipeline
Oct 07DT Midstream to raise ownership stake in Millennium Pipeline
Sep 29DT Midstream: Stability, Growth, And LNG Potential
Aug 25Do DT Midstream's (NYSE:DTM) Earnings Warrant Your Attention?
Aug 25DT Midstream Q2 2022 Earnings Preview
Aug 02DT Midstream (NYSE:DTM) Will Be Hoping To Turn Its Returns On Capital Around
Jul 23Is There An Opportunity With DT Midstream, Inc.'s (NYSE:DTM) 40% Undervaluation?
Jun 17An Intrinsic Calculation For DT Midstream, Inc. (NYSE:DTM) Suggests It's 25% Undervalued
Feb 28DT Midstream: The Near 5% Yield Could Turn Into A 10%+ Yield One Day
Jan 22Are Investors Undervaluing DT Midstream, Inc. (NYSE:DTM) By 26%?
Nov 22Financial Position Analysis
Short Term Liabilities: DTM's short term assets ($272.0M) do not cover its short term liabilities ($434.0M).
Long Term Liabilities: DTM's short term assets ($272.0M) do not cover its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: DTM's net debt to equity ratio (74.2%) is considered high.
Reducing Debt: DTM's debt to equity ratio has increased from 64.6% to 75.5% over the past 5 years.
Debt Coverage: DTM's debt is well covered by operating cash flow (24.7%).
Interest Coverage: DTM's interest payments on its debt are well covered by EBIT (3.1x coverage).