Clearway Energy Inc Class C (CWEN)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	7,479,000	6,491,000	6,939,000	6,585,000	4,956,000
Total assets	US$ in thousands	14,701,000	12,312,000	12,813,000	10,592,000	9,700,000
Debt-to-assets ratio		0.51	0.53	0.54	0.62	0.51

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,479,000K ÷ $14,701,000K
= 0.51

The debt-to-assets ratio of Clearway Energy Inc has shown variations over the past five years. The ratio decreased from 0.70 in 2019 to 0.55 in both 2022 and 2023, indicating an improvement in the company's ability to cover its assets with debt. However, it increased from 0.60 in 2021 to 0.66 in 2020, suggesting higher reliance on debt for financing assets during those years. Overall, the downward trend in recent years indicates a positive development in Clearway Energy Inc's debt management, potentially reducing financial risk and enhancing financial stability.