The AES Corporation (AES)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 44,799,000 | 38,363,000 | 32,963,000 | 34,603,000 | 33,648,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $44,799,000K
= 0.00
The debt-to-assets ratio of AES Corp. has displayed some fluctuation over the past five years. In 2023 and 2022, the ratio stood at 0.60 and 0.61, respectively, indicating that 60% and 61% of the company's assets were financed through debt. In 2021 and 2020, the ratio was lower at 0.57, and it remained the same in both years, suggesting a relatively stable level of debt relative to assets. In 2019, the ratio was also 0.60, indicating a similar proportion of debt to assets as in 2023.
Overall, the trend in the debt-to-assets ratio for AES Corp. does not show a consistent pattern of increase or decrease over the five-year period. However, the ratio has remained relatively within a narrow range between 0.57 and 0.61, signaling a consistent proportion of debt in relation to the company's total assets. This indicates that AES Corp. has maintained a moderate level of leverage in its capital structure, balancing the use of debt to finance its operations with the need to manage financial risk.