DTE Energy Company (DTE) Balance Sheet

NYSE: DTEAssets, liabilities, debt and equity over 10 years.

DTE balance sheet, 2025

December 31, 2025 · U.S. dollars

$54.07B assets = $41.76B liabilities + $12.31B equity

Both columns are drawn to the same scale: what DTE owns equals what it owes plus shareholders’ equity. Hover a block for its value.

DTE financial health

Current ratio0.80

Tight · current assets cover current liabilities 0.80×

Debt / equity2.16

High leverage · $2.16 of debt for each $1 of equity

Equity / assets22.8%

Balanced · of assets funded by shareholders

Cash / debt0.9%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles4.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

DTE balance sheet trends, 2016–2025

DTE Energy Company balance sheet trends
Metric	Then	Latest	Change
Total assets	$32.04B2016	$54.07B2025	+6.0%/yr
Total liabilities	$22.54B2016	$41.76B2025	+7.1%/yr
Shareholders’ equity	$9.01B2016	$12.30B2025	+3.5%/yr
Cash & short-term investments	$92.0M2016	$250.0M2025	+11.7%/yr
Total debt	$11.78B2016	$26.52B2025	+9.4%/yr
Net cash (debt)	−$11.69B2016	−$26.27B2025	−$14.6B
Working capital	$325.0M2016	−$1.06B2025	−$1.4B
Book value per share	$50.342016	$59.432025	+1.9%/yr
Current ratio	1.132016	0.802025	−0.33
Debt / equity	1.312016	2.162025	+0.85
Shares outstanding	179.0M2016	207.0M2025	+1.6%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

DTE assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

DTE liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

DTE debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

DTE balance sheet

DTE Energy Company annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$250.0M	$24.0M	$26.0M	$33.0M	$28.0M	$472.0M	$93.0M	$71.0M	$66.0M	$92.0M
Cash & equivalents	$250.0M	$24.0M	$26.0M	$33.0M	$28.0M	$472.0M	$93.0M	$71.0M	$66.0M	$92.0M
Short-term investments	—	—	—	—	$187.0M	—	−$243.0M	—	$23.0M	$21.0M
Receivables	$2.15B	$1.83B	$1.79B	$2.18B	$1.83B	$1.67B	$1.89B	$1.90B	$1.86B	$1.59B
Inventory	$1.38B	$1.25B	$1.05B	$942.0M	$858.0M	$708.0M	$759.0M	$811.0M	$779.0M	$772.0M
Other current assets	$574.0M	$511.0M	$672.0M	$1.02B	$601.0M	$649.0M	$347.0M	$481.0M	$380.0M	$305.0M
Total current assets	$4.35B	$3.61B	$3.54B	$4.18B	$3.32B	$3.50B	$3.09B	$3.26B	$3.08B	$2.76B
Property, plant & equipment (net)	$33.92B	$31.08B	$28.30B	$28.86B	$27.04B	$24.61B	$25.49B	$21.65B	$20.72B	$19.73B
Goodwill & intangible assets	$2.18B	$2.14B	$2.15B	$2.16B	$2.17B	$2.19B	$4.86B	$3.14B	$3.16B	$3.13B
Long-term investments	$316.0M	$304.0M	$334.0M	$330.0M	$2.45B	$3.92B	$3.79B	$3.46B	$2.92B	$2.38B
Other non-current assets	$13.30B	$11.72B	$10.43B	$7.16B	$4.74B	$11.28B	$5.05B	$4.77B	$3.88B	$4.04B
Total assets	$54.07B	$48.85B	$44.76B	$42.68B	$39.72B	$45.50B	$42.27B	$36.29B	$33.77B	$32.04B
Liabilities
Accounts payable	$1.75B	$1.39B	$1.36B	$1.60B	$1.41B	$1.00B	$1.08B	$1.33B	$1.17B	$1.08B
Short-term debt	$2.27B	$2.38B	$3.44B	$2.30B	$3.65B	$523.0M	$1.55B	$2.11B	$730.0M	$513.0M
Deferred revenue	—	$20.0M	$380.0M	$2.39B	$311.0M	$368.0M	$721.0M	$299.0M	$269.0M	$244.0M
Total current liabilities	$5.41B	$5.11B	$5.88B	$5.17B	$6.35B	$2.69B	$4.00B	$4.44B	$2.81B	$2.44B
Long-term debt	$23.79B	$20.69B	$17.42B	$16.87B	$14.53B	$19.00B	$15.94B	$12.13B	$12.19B	$11.27B
Lease obligations	$281.0M	$206.0M	$138.0M	$92.0M	$107.0M	$168.0M	$171.0M	$7.0M	$1.0M	$7.0M
Other long-term liabilities	$12.56B	$11.35B	$10.40B	$10.24B	$10.13B	$11.21B	$10.50B	$9.00B	$8.78B	$8.84B
Total liabilities	$41.76B	$37.14B	$33.70B	$32.28B	$31.01B	$32.91B	$30.43B	$25.57B	$23.78B	$22.54B
Shareholders' equity
Common stock & paid-in capital	$6.86B	$6.78B	$6.71B	$6.65B	$5.38B	$5.41B	$5.23B	$4.25B	$3.99B	$4.03B
Retained earnings (deficit)	$5.48B	$4.95B	$4.40B	$3.81B	$3.44B	$7.16B	$6.59B	$6.11B	$5.64B	$5.11B
Treasury stock	—	—	—	—	—	—	—	—	$0	$0
Accumulated other comprehensive income	−$39.0M	−$26.0M	−$67.0M	−$62.0M	−$112.0M	−$137.0M	−$148.0M	−$120.0M	−$120.0M	−$133.0M
Minority interest	$5.0M	$5.0M	$5.0M	$4.0M	$8.0M	$164.0M	$164.0M	$480.0M	$478.0M	$488.0M
Total shareholders' equity	$12.30B	$11.70B	$11.05B	$10.40B	$8.71B	$12.43B	$11.67B	$10.24B	$9.51B	$9.01B
Key figures
Total debt	$26.52B	$23.24B	$20.97B	$19.24B	$18.25B	$19.61B	$17.61B	$14.24B	$12.91B	$11.78B
Net cash (debt)	−$26.27B	−$23.22B	−$20.94B	−$19.21B	−$18.22B	−$19.14B	−$17.52B	−$14.17B	−$12.85B	−$11.69B
Working capital	−$1.06B	−$1.50B	−$2.34B	−$993.0M	−$3.03B	$807.0M	−$911.0M	−$1.18B	$269.0M	$325.0M
Tangible book value	$10.12B	$9.56B	$8.90B	$8.24B	$6.54B	$10.23B	$6.82B	$7.09B	$6.35B	$5.88B
Book value per share	$59.43	$56.52	$53.64	$53.05	$44.87	$64.38	$63.09	$56.56	$53.14	$50.34
Shares outstanding	207.0M	207.0M	206.0M	196.0M	194.0M	193.0M	185.0M	181.0M	179.0M	179.0M
Current ratio	0.80	0.71	0.60	0.81	0.52	1.30	0.77	0.73	1.10	1.13
Quick ratio	0.44	0.36	0.31	0.43	0.29	0.80	0.50	0.44	0.68	0.69
Debt / equity	2.16	1.99	1.90	1.85	2.10	1.58	1.51	1.39	1.36	1.31
Equity / assets	22.8%	24.0%	24.7%	24.4%	21.9%	27.3%	27.6%	28.2%	28.2%	28.1%

DTE Energy Company quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$84.0M	$278.0M	$250.0M	$79.0M	$84.0M	$33.0M	$24.0M	$2.04B	$1.08B	$492.0M	$26.0M	$36.0M
Cash & equivalents	$84.0M	$278.0M	$250.0M	$79.0M	$84.0M	$33.0M	$24.0M	$969.0M	$20.0M	$292.0M	$26.0M	$36.0M
Short-term investments	—	—	—	—	—	—	—	$1.07B	$1.06B	$200.0M	—	—
Receivables	$1.95B	$2.11B	$2.15B	$1.58B	$1.76B	$1.89B	$1.83B	$1.61B	$1.75B	$1.61B	$1.79B	$1.57B
Inventory	$1.35B	$125.0M	$1.38B	$1.55B	$49.0M	$1.16B	$1.25B	$1.39B	$1.16B	$1.05B	$1.05B	$1.11B
Other current assets	$664.0M	$1.88B	$574.0M	$548.0M	$1.65B	$541.0M	$511.0M	$573.0M	$520.0M	$596.0M	$672.0M	$708.0M
Total current assets	$4.05B	$4.39B	$4.35B	$3.76B	$3.54B	$3.62B	$3.61B	$5.62B	$4.52B	$3.75B	$3.54B	$3.42B
Property, plant & equipment (net)	$35.76B	$34.68B	$33.92B	$185.0M	$31.62B	$31.32B	$31.08B	$30.25B	$29.62B	$28.74B	$28.30B	$27.66B
Goodwill & intangible assets	$2.17B	$2.18B	$2.18B	$2.18B	$2.13B	$2.13B	$2.14B	$2.14B	$2.15B	$2.15B	$2.15B	$2.15B
Long-term investments	$0	$305.0M	$316.0M	$322.0M	$310.0M	$304.0M	$304.0M	$311.0M	$291.0M	$320.0M	$334.0M	$337.0M
Other non-current assets	$14.26B	$13.55B	$13.30B	$45.58B	$12.65B	$12.18B	$11.72B	$11.49B	$11.24B	$10.95B	$10.43B	$10.16B
Total assets	$56.23B	$55.11B	$54.07B	$52.03B	$50.25B	$49.55B	$48.85B	$49.81B	$47.81B	$45.90B	$44.76B	$43.73B
Liabilities
Accounts payable	$1.70B	$1.63B	$1.75B	$1.31B	$1.38B	$1.30B	$1.39B	$1.29B	$1.31B	$1.10B	$1.36B	$1.14B
Short-term debt	$1.96B	$1.54B	$2.27B	$594.0M	$867.0M	$1.48B	$2.38B	$4.18B	$3.79B	$2.71B	$3.44B	$1.83B
Deferred revenue	—	—	—	$260.0M	$199.0M	—	$20.0M	−$1.31B	$422.0M	$5.0M	$380.0M	$409.0M
Total current liabilities	$5.35B	$4.61B	$5.41B	$3.27B	$3.78B	$4.15B	$5.11B	$6.79B	$6.51B	$4.97B	$5.88B	$4.04B
Long-term debt	$0	$25.19B	$23.79B	$24.50B	$22.94B	$21.77B	$20.69B	$20.46B	$19.26B	$19.23B	$17.41B	$18.54B
Lease obligations	—	$272.0M	$281.0M	$273.0M	$226.0M	$228.0M	$206.0M	$195.0M	$187.0M	$165.0M	$138.0M	$139.0M
Other long-term liabilities	$38.80B	$12.98B	$12.56B	$12.10B	$11.81B	$11.71B	$11.35B	$10.96B	$10.94B	$10.52B	$10.41B	$10.29B
Total liabilities	$44.08B	$42.78B	$41.76B	$39.87B	$38.52B	$37.63B	$37.14B	$38.21B	$36.70B	$34.72B	$33.70B	$32.88B
Shareholders' equity
Common stock & paid-in capital	$6.90B	$6.87B	$6.86B	$6.83B	$6.81B	$6.79B	$6.78B	$6.75B	$6.73B	$6.71B	$6.71B	$6.70B
Retained earnings (deficit)	$5.28B	$5.49B	$5.48B	$5.36B	$4.94B	$5.16B	$4.95B	$4.88B	$4.40B	$4.50B	$4.40B	$4.20B
Accumulated other comprehensive income	−$32.0M	−$36.0M	−$39.0M	−$34.0M	−$27.0M	−$28.0M	−$26.0M	−$42.0M	−$30.0M	−$42.0M	−$67.0M	−$44.0M
Minority interest	—	$5.0M	$5.0M	$5.0M	$5.0M	$6.0M	—	—	—	—	—	—
Total shareholders' equity	$12.15B	$12.32B	$12.30B	$12.16B	$11.72B	$11.92B	$11.70B	$11.59B	$11.11B	$11.17B	$11.05B	$10.85B
Key figures
Total debt	$27.84B	$26.97B	$26.52B	$25.30B	$23.99B	$23.44B	$23.24B	$24.80B	$23.21B	$22.09B	$20.97B	$20.48B
Net cash (debt)	−$27.76B	−$26.69B	−$26.27B	−$25.22B	−$23.91B	−$23.40B	−$23.22B	−$22.76B	−$22.13B	−$21.60B	−$20.94B	−$20.45B
Working capital	−$1.30B	−$218.0M	−$1.06B	$496.0M	−$240.0M	−$535.0M	−$1.50B	−$1.17B	−$1.99B	−$1.22B	−$2.34B	−$625.0M
Tangible book value	$9.98B	$10.15B	$10.12B	$9.97B	$9.59B	$9.79B	$9.56B	$9.45B	$8.96B	$9.03B	$8.90B	$8.70B
Book value per share	$58.41	$59.25	$59.43	$58.73	$56.63	$57.59	$56.47	$56.00	$53.65	$53.98	$53.55	$52.67
Shares outstanding	208.0M	208.0M	207.0M	207.0M	207.0M	207.0M	207.2M	207.0M	207.0M	207.0M	206.4M	206.0M
Current ratio	0.76	0.95	0.80	1.15	0.94	0.87	0.71	0.83	0.69	0.75	0.60	0.85
Quick ratio	0.38	0.52	0.44	0.51	0.49	0.46	0.36	0.54	0.44	0.42	0.31	0.40
Debt / equity	2.29	2.19	2.16	2.08	2.05	1.97	1.99	2.14	2.09	1.98	1.90	1.89
Equity / assets	21.6%	22.4%	22.8%	23.4%	23.3%	24.1%	24.0%	23.3%	23.2%	24.3%	24.7%	24.8%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 17, 2026); data from EODHD.

DTE financial position

At the end of fiscal 2025 (December 31, 2025), DTE Energy had total assets of $54.1 billion (up 10.7% from a year earlier), total liabilities of $41.8 billion and shareholders' equity of $12.3 billion. It held $250.0 million in cash and short-term investments against $26.5 billion of debt, net debt of $26.3 billion. Its current ratio was 0.80. In the latest quarter (ended June 30, 2026) total assets were $56.2 billion and equity $12.1 billion.

Related: DTE income statement, DTE cash flow statement, DTE key metrics. See the DTE stock overview for the latest quote and news.

DTE balance sheet FAQ

What are DTE Energy's total assets?

DTE Energy reported total assets of $54.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $48.8 billion a year earlier.

How much debt does DTE Energy have?

DTE Energy had $26.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.16.

How much cash does DTE Energy have?

DTE Energy held $250.0 million in cash and short-term investments at the end of fiscal 2025; with $26.5 billion of debt that is net debt of $26.3 billion.

What is DTE Energy's book value?

DTE Energy's shareholders' equity (book value) was $12.3 billion at the end of fiscal 2025, or $59.43 per share.

What is DTE Energy's current ratio?

DTE Energy had current assets of $4.3 billion and current liabilities of $5.4 billion, a current ratio of 0.80 (current liabilities exceed current assets).

How much goodwill does DTE Energy have?

DTE Energy carried $2.2 billion of goodwill and intangible assets, 4.0% of total assets, at the end of fiscal 2025.