DTE Energy Company
Supplier Financial Health Report
Overview
June 2024
USA
Incorporated Country
4,450
Number of Employees
A+
Credit Rating
7.16
Altman Z-Score
Five-Year Financial Trend Analysis for DTE Energy Company
CONSTANT
Credit Trend
56.15%
Total Balance Sheet Growth Rate
19.46%
Total Debt Growth Rate
The company's credit rating of A+ and a credit score of 95, with a constant trend, indicate strong financial health and low credit risk. The net income and EBITDA have also shown substantial growth, increasing by 94.03% and 36.96%, respectively, over the same period.
However, the cash trend showed a decrease from $37M in 2015 to $26M in 2023, a 29.73% change. Additionally, the total debt and liabilities have also increased by 19.46% and 10.74%, respectively, over the past five years. The stockholders equity, on the other hand, showed a decrease of 6.60% over the same period.
Despite these concerns, DTE Energy Company's financial health remains strong, especially when compared to industry standards in the Electricity, Oil & Gas sector. The company's revenue growth and credit rating are indicative of a financially stable and successful business. However, the decrease in cash and the increase in debt and liabilities should be closely monitored to ensure long-term financial sustainability.
Financial Health Risk Assessment for DTE Energy Company
LOW
Credit Risk
LOW
Bankruptcy Risk
MEDIUM
Financial Health Risk
However, there are some areas of concern. The cash trend showed a decrease from $37M in 2015 to $26M in 2023, a 29.73% change. Additionally, the total debt and liabilities have also increased by 19.46% and 10.74%, respectively, over the past five years. The stockholders equity, on the other hand, showed a decrease of 6.60% over the same period.
Despite these concerns, DTE Energy Company's financial health remains strong, especially when compared to industry standards in the Electricity, Oil & Gas sector. However, it is important to closely monitor the decrease in cash and the increase in debt and liabilities to ensure long-term financial sustainability.
In terms of ratio analysis, the liquidity ratios are lower than the generally accepted thresholds, while the profitability ratios are average to below average. The high Altman Z-Score of 7.16 indicates a strong financial position, but the company's reliance on debt financing is a potential concern.
Areas of concern include the company's cash trend, the increase in debt and liabilities, and the lower liquidity ratios. It is important for investors and stakeholders to closely monitor these areas to ensure DTE Energy's financial health remains stable and sustainable in the long term.
List of UEIs for DTE Energy Company
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