Clearway Energy Inc Class C (CWEN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,750,000 | 7,479,000 | 6,491,000 | 6,939,000 | 6,585,000 |
| Total assets | US$ in thousands | 14,329,000 | 14,701,000 | 12,312,000 | 12,813,000 | 10,592,000 |
| Debt-to-assets ratio | 0.47 | 0.51 | 0.53 | 0.54 | 0.62 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,750,000K ÷ $14,329,000K
= 0.47
The debt-to-assets ratio of Clearway Energy Inc Class C has shown a declining trend over the past five years. As of December 31, 2020, the ratio stood at 0.62, indicating that 62% of the company's assets were financed through debt. Subsequently, the ratio decreased to 0.54 by December 31, 2021, showing an improvement in the company's debt management. This trend continued with further reductions to 0.53 by December 31, 2022, 0.51 by December 31, 2023, and finally reaching 0.47 by December 31, 2024.
The decreasing trend in the debt-to-assets ratio suggests that Clearway Energy Inc Class C has been effectively managing its debt levels relative to its total assets over the years. A lower ratio indicates a lower dependency on debt financing for its operations and investments, which can be viewed positively as it signifies a stronger financial position and reduced financial risk for the company.
Peer comparison
Dec 31, 2024