Constellation Energy Corp (CEG)

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
Long-term debt	US$ in thousands	7,496,000	7,512,000	6,156,000	5,763,000	4,466,000	4,480,000	4,507,000	4,548,000	4,575,000
Total assets	US$ in thousands	50,758,000	48,965,000	46,559,000	46,158,000	46,909,000	46,616,000	45,333,000	46,846,000	48,086,000
Debt-to-assets ratio		0.15	0.15	0.13	0.12	0.10	0.10	0.10	0.10	0.10

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,496,000K ÷ $50,758,000K
= 0.15

The debt-to-assets ratio of Constellation Energy Corporation has been steadily increasing over the past five quarters, indicating a rising reliance on debt to finance its operations and acquisitions. As of Q4 2023, the ratio stands at 0.18, which means that approximately 18% of the company's total assets are financed by debt. This suggests that Constellation Energy Corporation may be taking on more debt relative to its assets, potentially increasing its financial leverage and risk exposure. It is crucial for stakeholders to closely monitor this trend to ensure the company's ability to meet its debt obligations and maintain financial stability in the long term.