The AES Corporation (AES)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 44,799,000 | 43,161,000 | 41,505,000 | 39,357,000 | 38,363,000 | 37,775,000 | 36,070,000 | 34,648,000 | 32,963,000 | 35,030,000 | 34,727,000 | 35,203,000 | 34,603,000 | 34,267,000 | 34,566,000 | 34,142,000 | 33,648,000 | 33,423,000 | 33,238,000 | 33,471,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for AES Corp. has shown some fluctuations over the past eight quarters. The ratio has ranged from 0.58 to 0.64 during this period. Generally, a higher debt-to-assets ratio indicates that a company relies more on debt to finance its operations and investments, which could increase financial risk.
Looking at the trend, there was a slight increase in the debt-to-assets ratio from Q1 2022 to Q2 2023, peaking at 0.64 in Q2 2023. However, the ratio remained relatively stable around the 0.60 to 0.63 range in the most recent quarters.
Overall, AES Corp. appears to maintain a moderate level of leverage, with a significant portion of its assets financed by debt. It would be crucial for the company to closely manage its debt levels to ensure financial stability and meet its obligations in the long term.