DTE Total Assets vs Total Current Assets Analysis

DTB Stock

USD 21.37 0.38 1.81%

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 Total Assets and its Total Current Assets accounts. 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 closely tied 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.

Total Assets vs Total Current Assets

Total Assets vs Total Current Assets Correlation Analysis

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

The correlation between DTE Energy's Total Assets and Total Current Assets is 0.69. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of DTE Energy, assuming nothing else is changed. The correlation between historical values of DTE Energy's Total Assets and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of DTE Energy are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Assets i.e., DTE Energy's Total Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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 Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 closely tied 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.At present, DTE Energy's Enterprise Value Over EBITDA is projected to slightly grow based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 7.72, whereas Tax Provision is projected to grow to (111.2 M).

	2021	2022	2023	2024 (projected)
Interest Expense	669M	717M	853M	597.5M
Depreciation And Amortization	1.4B	1.5B	1.1B	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	Non Currrent Assets Other	Net Receivables	Inventory	Other Current Assets	Intangible Assets
Total Assets		0.98	-0.14	0.66	-0.03	0.98	0.57	0.73	1.0	0.05	0.75	0.48	0.77	0.8	0.16	-0.29	0.16	-0.09	0.86	0.69	0.78	0.58	0.57	0.74	0.14	0.22
Short Long Term Debt Total	0.98		-0.2	0.72	0.06	1.0	0.47	0.76	0.98	0.19	0.75	0.6	0.82	0.89	0.15	-0.45	0.15	-0.19	0.92	0.67	0.85	0.68	0.64	0.78	0.25	0.12
Other Current Liab	-0.14	-0.2		-0.22	-0.43	-0.21	0.31	-0.4	-0.14	-0.64	-0.01	-0.17	-0.35	-0.4	0.06	0.51	0.06	0.09	-0.21	-0.02	-0.24	-0.15	-0.52	-0.35	-0.55	0.11
Total Current Liabilities	0.66	0.72	-0.22		-0.02	0.72	0.03	0.88	0.66	0.25	0.69	0.79	0.81	0.82	-0.25	-0.49	-0.25	-0.15	0.78	0.54	0.63	0.36	0.59	0.76	0.42	-0.03
Total Stockholder Equity	-0.03	0.06	-0.43	-0.02		0.05	-0.2	-0.13	-0.03	0.79	-0.33	0.07	-0.03	0.23	0.36	-0.51	0.36	0.08	-0.02	-0.6	0.19	0.27	0.11	-0.03	0.1	-0.01
Net Debt	0.98	1.0	-0.21	0.72	0.05		0.46	0.76	0.98	0.19	0.75	0.61	0.82	0.89	0.14	-0.46	0.14	-0.19	0.93	0.67	0.85	0.68	0.64	0.79	0.25	0.12
Retained Earnings	0.57	0.47	0.31	0.03	-0.2	0.46		0.18	0.58	-0.49	0.59	-0.25	0.27	0.23	0.51	0.44	0.51	0.42	0.28	0.52	0.48	0.29	0.2	0.1	-0.37	0.5
Accounts Payable	0.73	0.76	-0.4	0.88	-0.13	0.76	0.18		0.72	0.22	0.74	0.63	0.8	0.82	-0.19	-0.39	-0.19	-0.05	0.76	0.71	0.66	0.41	0.8	0.78	0.43	-0.1
Non Current Assets Total	1.0	0.98	-0.14	0.66	-0.03	0.98	0.58	0.72		0.05	0.76	0.48	0.77	0.81	0.17	-0.3	0.17	-0.09	0.86	0.69	0.79	0.59	0.57	0.74	0.13	0.22
Other Stockholder Equity	0.05	0.19	-0.64	0.25	0.79	0.19	-0.49	0.22	0.05		-0.26	0.47	0.16	0.41	-0.13	-0.71	-0.13	-0.17	0.21	-0.39	0.2	0.29	0.36	0.33	0.35	-0.21
Total Liab	0.75	0.75	-0.01	0.69	-0.33	0.75	0.59	0.74	0.76	-0.26		0.34	0.87	0.75	0.18	-0.13	0.18	0.01	0.79	0.87	0.82	0.47	0.5	0.6	0.25	0.16
Short Term Debt	0.48	0.6	-0.17	0.79	0.07	0.61	-0.25	0.63	0.48	0.47	0.34		0.56	0.69	-0.42	-0.67	-0.42	-0.5	0.71	0.32	0.46	0.46	0.5	0.7	0.44	-0.2
Common Stock	0.77	0.82	-0.35	0.81	-0.03	0.82	0.27	0.8	0.77	0.16	0.87	0.56		0.9	0.07	-0.51	0.07	-0.25	0.92	0.73	0.87	0.61	0.56	0.79	0.56	0.01
Property Plant And Equipment Net	0.8	0.89	-0.4	0.82	0.23	0.89	0.23	0.82	0.81	0.41	0.75	0.69	0.9		0.09	-0.64	0.09	-0.15	0.9	0.56	0.92	0.65	0.73	0.78	0.42	0.05
Cash	0.16	0.15	0.06	-0.25	0.36	0.14	0.51	-0.19	0.17	-0.13	0.18	-0.42	0.07	0.09		-0.08	1.0	0.11	0.06	-0.02	0.41	0.43	-0.07	-0.29	-0.05	-0.03
Other Assets	-0.29	-0.45	0.51	-0.49	-0.51	-0.46	0.44	-0.39	-0.3	-0.71	-0.13	-0.67	-0.51	-0.64	-0.08		-0.08	0.62	-0.6	-0.01	-0.51	-0.61	-0.35	-0.48	-0.67	0.48
Cash And Short Term Investments	0.16	0.15	0.06	-0.25	0.36	0.14	0.51	-0.19	0.17	-0.13	0.18	-0.42	0.07	0.09	1.0	-0.08		0.11	0.06	-0.02	0.41	0.43	-0.07	-0.29	-0.05	-0.03
Good Will	-0.09	-0.19	0.09	-0.15	0.08	-0.19	0.42	-0.05	-0.09	-0.17	0.01	-0.5	-0.25	-0.15	0.11	0.62	0.11		-0.43	-0.17	-0.09	-0.49	0.13	-0.34	-0.65	0.61
Common Stock Shares Outstanding	0.86	0.92	-0.21	0.78	-0.02	0.93	0.28	0.76	0.86	0.21	0.79	0.71	0.92	0.9	0.06	-0.6	0.06	-0.43		0.7	0.86	0.74	0.53	0.86	0.48	-0.07
Total Current Assets	0.69	0.67	-0.02	0.54	-0.6	0.67	0.52	0.71	0.69	-0.39	0.87	0.32	0.73	0.56	-0.02	-0.01	-0.02	-0.17	0.7		0.61	0.44	0.52	0.57	0.33	0.0
Non Current Liabilities Total	0.78	0.85	-0.24	0.63	0.19	0.85	0.48	0.66	0.79	0.2	0.82	0.46	0.87	0.92	0.41	-0.51	0.41	-0.09	0.86	0.61		0.76	0.62	0.61	0.35	0.07
Non Currrent Assets Other	0.58	0.68	-0.15	0.36	0.27	0.68	0.29	0.41	0.59	0.29	0.47	0.46	0.61	0.65	0.43	-0.61	0.43	-0.49	0.74	0.44	0.76		0.45	0.44	0.55	-0.39
Net Receivables	0.57	0.64	-0.52	0.59	0.11	0.64	0.2	0.8	0.57	0.36	0.5	0.5	0.56	0.73	-0.07	-0.35	-0.07	0.13	0.53	0.52	0.62	0.45		0.47	0.33	-0.02
Inventory	0.74	0.78	-0.35	0.76	-0.03	0.79	0.1	0.78	0.74	0.33	0.6	0.7	0.79	0.78	-0.29	-0.48	-0.29	-0.34	0.86	0.57	0.61	0.44	0.47		0.41	0.03
Other Current Assets	0.14	0.25	-0.55	0.42	0.1	0.25	-0.37	0.43	0.13	0.35	0.25	0.44	0.56	0.42	-0.05	-0.67	-0.05	-0.65	0.48	0.33	0.35	0.55	0.33	0.41		-0.65
Intangible Assets	0.22	0.12	0.11	-0.03	-0.01	0.12	0.5	-0.1	0.22	-0.21	0.16	-0.2	0.01	0.05	-0.03	0.48	-0.03	0.61	-0.07	0.0	0.07	-0.39	-0.02	0.03	-0.65

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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	20.8B	21.9B
Other Current Liab	994M	958M	1.1B	(1.1B)	890M	673.0M
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	20.8B	21.8B
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	(123M)	(3.8B)	8M	6.7B	6.0B	6.5B
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	24.3B
Cash	93M	474M	35M	43M	26M	24.7M
Other Assets	4.8B	4.4B	160K	(2.0B)	(1.8B)	(1.7B)
Cash And Short Term Investments	93M	474M	35M	43M	26M	24.7M
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	23.0B
Non Currrent Assets Other	2.5B	9.8B	2.2B	4.9B	7.8B	8.2B
Net Receivables	1.9B	1.7B	1.8B	2.2B	1.6B	1.9B
Inventory	759M	708M	858M	942M	1.1B	891.8M
Other Current Assets	347M	647M	594M	1.0B	827M	614.9M
Intangible Assets	2.4B	199M	177M	166M	156M	148.2M
Current Deferred Revenue	172M	379M	210M	171M	2.4B	199.5M
Long Term Debt	15.9B	19.0B	14.5B	16.9B	19.4B	15.2B
Long Term Debt Total	15.9B	19.0B	14.5B	16.9B	19.4B	15.2B
Property Plant Equipment	3.9B	4.3B	26.9B	28.8B	33.1B	34.7B

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When determining whether DTE Energy is a strong investment it is important to analyze DTE Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DTE Energy's future performance. For an informed investment choice regarding DTE Stock, refer to the following important reports:

How To Invest In DTE

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Is DTE Stock a good investment?

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What is DTE Energy's Net Worth?

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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 closely tied 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Is Utilities space 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.

Return On Equity

0.0752

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.

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DTE Total Assets vs Total Current Assets Analysis

Total Assets vs Total Current Assets

Total Assets vs Total Current Assets Correlation Analysis

Correlation Coefficient

Total Assets

Total Current Assets

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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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 0.98	Total Assets
Net Debt	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Short Long Term Debt Total

Other Assets	- 0.71	Other Stockholder Equity
Other Current Assets	- 0.67	Other Assets
Other Assets	- 0.67	Short Term Debt
Intangible Assets	- 0.65	Other Current Assets
Other Current Assets	- 0.65	Good Will
Other Assets	- 0.64	Property Plant And Equipment Net