Clearway Energy Inc Class C (CWEN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,750,000 | 6,732,000 | 6,797,000 | 7,579,000 | 7,479,000 | 6,995,000 | 6,708,000 | 6,769,000 | 6,491,000 | 6,519,000 | 6,605,000 | 6,979,000 | 6,939,000 | 7,299,000 | 7,434,000 | 7,463,000 | 6,585,000 | 6,357,000 | 6,377,000 | 5,081,000 |
| Total assets | US$ in thousands | 14,329,000 | 14,249,000 | 14,517,000 | 14,862,000 | 14,701,000 | 13,370,000 | 12,624,000 | 12,749,000 | 12,312,000 | 12,596,000 | 12,648,000 | 12,628,000 | 12,813,000 | 11,780,000 | 11,881,000 | 11,848,000 | 10,592,000 | 9,725,000 | 9,736,000 | 9,555,000 |
| Debt-to-assets ratio | 0.47 | 0.47 | 0.47 | 0.51 | 0.51 | 0.52 | 0.53 | 0.53 | 0.53 | 0.52 | 0.52 | 0.55 | 0.54 | 0.62 | 0.63 | 0.63 | 0.62 | 0.65 | 0.65 | 0.53 |
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 relatively stable trend over the past few years. Starting at 0.53 as of March 31, 2020, the ratio increased slightly to 0.65 by June 30, 2020, and remained at that level until September 30, 2020. Subsequently, the ratio declined to 0.62 by December 31, 2020, and fluctuated within a narrow range between 0.62 and 0.63 throughout 2021.
In 2022 and 2023, the debt-to-assets ratio of Clearway Energy Inc Class C continued to show a stable pattern, hovering around 0.52 and 0.53, indicating that the company maintained a relatively balanced level of debt compared to its total assets.
As of the last available data point on December 31, 2024, the debt-to-assets ratio decreased to 0.47, suggesting a potential decrease in the company's reliance on debt to finance its operations and investments.
Overall, the trend in Clearway Energy Inc Class C's debt-to-assets ratio reflects a cautious approach to managing its debt levels relative to its asset base, with some fluctuations but generally maintaining a stable and relatively moderate level of indebtedness.
Peer comparison
Dec 31, 2024