Clearway Energy Inc Class C (CWEN)

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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	4,956,000	4,143,000	4,192,000	4,215,000
Total assets	US$ in thousands	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	9,700,000	8,838,000	8,731,000	8,465,000
Debt-to-assets ratio		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	0.51	0.47	0.48	0.50

December 31, 2023 calculation

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

Clearway Energy Inc's debt-to-assets ratio has remained relatively stable over the past eight quarters, ranging from 0.55 to 0.61. The ratio indicates that approximately 55% to 61% of the company's assets are financed through debt.

A ratio above 0.5 suggests that Clearway Energy Inc relies significantly on debt to finance its operations and investments, which can pose risks in terms of interest payments and financial stability. However, it is important to note that the ratio has not shown a significant upward or downward trend, indicating a consistent approach to financing over the period.

Clearway Energy Inc's management may need to carefully monitor this ratio to ensure that the company's debt levels are sustainable and in line with its overall financial strategy. Investors and creditors may also consider this ratio when assessing the company's financial health and risk profile.