The AES Corporation (AES)

Debt-to-capital 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 stockholders’ equity US$ in thousands 2,488,000 2,779,000 2,492,000 2,362,000 2,437,000 3,409,000 2,995,000 3,044,000 2,798,000 3,482,000 3,265,000 3,377,000 2,634,000 2,004,000 2,462,000 2,539,000 2,996,000 3,140,000 3,208,000 3,234,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,488,000K)
= 0.00

The debt-to-capital ratio of AES Corp. has been relatively stable over the past eight quarters, ranging between 0.87 and 0.92. This ratio indicates the proportion of the company's capital structure that is made up of debt. A higher debt-to-capital ratio suggests that the company relies more on debt financing, which can potentially increase financial risk. In the case of AES Corp., the consistent ratio between 0.87 and 0.92 over the analyzed period signifies that the company maintains a relatively high level of debt compared to its equity.

This sustained level of debt-to-capital ratio implies that AES Corp. has been managing its capital structure consistently, likely using a combination of debt and equity to fund its operations and investments. Investors and analysts should continue to monitor changes in this ratio to assess the company's leverage and financial health over time.