The AES Corporation (AES)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 47,406,000 | 50,265,000 | 47,915,000 | 47,045,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 3,644,000 | 3,378,000 | 3,175,000 | 2,900,000 | 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 |
| Financial leverage ratio | 13.01 | 14.88 | 15.09 | 16.22 | 18.01 | 15.53 | 16.66 | 16.66 | 15.74 | 11.08 | 12.04 | 11.38 | 11.78 | 10.06 | 10.64 | 10.42 | 13.14 | 17.10 | 14.04 | 13.45 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $47,406,000K ÷ $3,644,000K
= 13.01
The financial leverage ratio of The AES Corporation has shown fluctuations over the past few years. It was 13.45 as of March 31, 2020, and gradually increased to 17.10 by September 30, 2020. However, in the following quarters, the ratio decreased to 10.42 by March 31, 2021, indicating a reduction in financial leverage.
The ratio remained relatively stable between 10 to 12 in the subsequent quarters of 2021 and 2022. It saw a significant increase to 18.01 by December 31, 2023, suggesting an uptick in leverage. However, this was followed by a decrease to 13.01 by December 31, 2024.
Overall, the financial leverage ratio of The AES Corporation has exhibited variability, with some periods of higher leverage followed by declines. Investors and analysts may need to monitor these fluctuations to understand the company's capital structure and financial risk.