Clearway Energy Inc Class C (CWEN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,995,000 | 4,033,000 | 3,300,000 | 2,715,000 | 2,263,000 |
| Debt-to-capital ratio | 0.60 | 0.62 | 0.68 | 0.71 | 0.69 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $7,479,000K ÷ ($7,479,000K + $4,995,000K)
= 0.60
The debt-to-capital ratio of Clearway Energy Inc has fluctuated over the past five years, ranging from 0.75 to 0.81. As of December 31, 2023, the ratio stands at 0.79, indicating that the company relies on debt for approximately 79% of its capital structure. This suggests that Clearway Energy has a moderate level of leverage, with a significant portion of its capital being financed through debt. Despite some variability, the ratio has remained relatively stable around the 0.79 level in recent years, indicating a consistent capital structure strategy. Investors and creditors may monitor this ratio to assess Clearway Energy's financial stability and ability to meet its debt obligations.
Peer comparison
Dec 31, 2023