Clearway Energy Inc Class C (CWEN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,067,000 | 1,560,000 | 1,276,000 | 1,531,000 | 708,000 |
| Total current liabilities | US$ in thousands | 718,000 | 906,000 | 617,000 | 1,631,000 | 634,000 |
| Current ratio | 1.49 | 1.72 | 2.07 | 0.94 | 1.12 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,067,000K ÷ $718,000K
= 1.49
The current ratio of Clearway Energy Inc Class C has shown fluctuations over the past five years. As of December 31, 2020, the current ratio was 1.12, indicating that the company had just enough current assets to cover its current liabilities. However, by December 31, 2021, the current ratio decreased to 0.94, signaling a potential liquidity issue as current liabilities exceeded current assets.
The situation improved significantly by December 31, 2022, with the current ratio jumping to 2.07, suggesting strong liquidity and the ability to easily meet short-term obligations. Despite a slight drop to 1.72 by December 31, 2023, the company still maintained a healthy current ratio above 1, indicating sufficient current assets to cover immediate liabilities.
As of December 31, 2024, the current ratio stood at 1.49, reflecting a moderate decrease from the previous year but still indicating a reasonable level of liquidity. Overall, Clearway Energy Inc Class C's current ratio has exhibited some variability over the period, with a mix of strengths and weaknesses in managing its short-term financial obligations.
Peer comparison
Dec 31, 2024