DT Midstream (DT Midstream) Interest Coverage : 3.10 (As of Mar. 2024)

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What is DT Midstream Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. DT Midstream's Operating Income for the three months ended in Mar. 2024 was $124.0 Mil. DT Midstream's Interest Expense for the three months ended in Mar. 2024 was $-40.0 Mil. DT Midstream's interest coverage for the quarter that ended in Mar. 2024 was 3.10. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for DT Midstream's Interest Coverage or its related term are showing as below:

DTM' s Interest Coverage Range Over the Past 10 Years
Min: 3.11 Med: 3.57 Max: 3.96
Current: 3.16

DTM's Interest Coverage is ranked worse than
73.36% of 762 companies
in the Oil & Gas industry
Industry Median: 6.74 vs DTM: 3.16

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

DT Midstream Interest Coverage Historical Data

The historical data trend for DT Midstream's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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DT Midstream Interest Coverage Chart

DT Midstream Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

Get a 7-Day Free Trial

3.49

3.65

3.74

3.32

3.11

DT Midstream Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial														2.89	3.26	3.24	3.08	3.10

Competitive Comparison of DT Midstream's Interest Coverage

For the Oil & Gas Midstream subindustry, DT Midstream's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DT Midstream's Interest Coverage Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, DT Midstream's Interest Coverage distribution charts can be found below:

* The bar in red indicates where DT Midstream's Interest Coverage falls into.

DT Midstream Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

DT Midstream's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, DT Midstream's Interest Expense was $-150.0 Mil. Its Operating Income was $467.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,092.0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	467	/	-150
	=	3.11

DT Midstream's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, DT Midstream's Interest Expense was $-40.0 Mil. Its Operating Income was $124.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,105.0 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	124	/	-40
	=	3.10

The higher the ratio, the stronger the company's Financial Strength is.

DT Midstream (NYSE:DTM) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

DT Midstream Interest Coverage Related Terms

Thank you for viewing the detailed overview of DT Midstream's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

DT Midstream (DT Midstream) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DT Midstream Inc (NYSE:DTM) » Definitions » Interest Coverage

Comparable Companies

ENLC FRO AM ETRN PAGP STNG CEQP HEP INSW GLNG TSX:ENB EPD WMB ET LNG OKE KMI MPLX TSX:TRP CQP

Traded in Other Exchanges

N/A

Address

500 Woodward Avenue, Suite 2900, Detroit, MI, USA, 48226-1279

Website

https://www.dtmidstream.com

DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities. It provides multiple, integrated natural gas services to customers through interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities, and gathering systems and related treatment plants and compression and surface facilities. The segments of the group are Pipeline and Gathering. It generates revenue from pipeline, storage, and gathering systems, substantially all of which are located in the Midwestern U.S., Eastern Canada, Northeastern U.S., and Gulf Coast regions.

Executives

Jeffrey A Jewell	officer: Executive V.P., CFO	ONE ENERGY PLAZA, DETROIT MI 48226
Peter I Tumminello	director	TEN PEACHTREE PLACE, ATLANTA GA 30309
Skaggs Robert C Jr	director, officer: Executive Chairman	5151 SAN FELIPE, SUITE 2500, HOUSTON TX 77056
Elaine M Pickle	director	ONE ENERGY PLAZA, DETROIT MI 48226
David Slater	director, officer: President and CEO	ONE ENERGY PLAZA, DETROIT MI 48226
Angela N Archon	director	294 ROUTE 100, BUILDING 1, SOMERS NY 10589
Melissa Cox	officer: Sr. VP Admin.	500 WOODWARD AVE, SUITE 2900, DETROIT MI 48226
Wright Iii Lassiter	director	500 PLAZA DRIVE, C/O QUEST DIAGNOSTICS, SECAUCUS NJ 07094
Dwayne Andree Wilson	director	6700 LAS COLINAS BOULEVARD, IRVING TX 75039
Stephen W Baker	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Redmond Richard L Jr	officer: E.V.P., Chief Admin. Off.	ONE ENERGY PLAZA, DETROIT MI 48226
Wendy Ellis	officer: E.V.P., Gen Counsel & Corp Sec	ONE ENERGY PLAZA, 1610 WCB, DETROIT MI 48226
Christopher Zona	officer: E.V.P., Chief Oper. Off.	ONE ENERGY PLAZA, DETROIT MI 48226
Dte Energy Co	10 percent owner	ONE ENERGY PLAZA, DETROIT MI 48226