Clearway Energy Inc Class C (CWEN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,564,000 | 5,633,000 | 5,717,000 | 5,047,000 | 4,995,000 | 4,268,000 | 4,142,000 | 4,162,000 | 4,033,000 | 4,116,000 | 4,193,000 | 3,139,000 | 3,300,000 | 2,955,000 | 3,003,000 | 2,995,000 | 2,715,000 | 2,237,000 | 2,232,000 | 2,264,000 |
| Debt-to-capital ratio | 0.55 | 0.54 | 0.54 | 0.60 | 0.60 | 0.62 | 0.62 | 0.62 | 0.62 | 0.61 | 0.61 | 0.69 | 0.68 | 0.71 | 0.71 | 0.71 | 0.71 | 0.74 | 0.74 | 0.69 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,750,000K ÷ ($6,750,000K + $5,564,000K)
= 0.55
The debt-to-capital ratio of Clearway Energy Inc Class C has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.69 in March 2020, increased to 0.74 by June 2020, and remained at that level until September 2021. There was a slight decrease to 0.71 by December 2021 and maintained this level until March 2022.
Subsequently, the ratio decreased to 0.61 by June 2022, indicating a reduction in the proportion of debt in the capital structure. This trend continued as the ratio remained consistent at 0.61 until September 2023. There was a marginal decrease to 0.60 by December 2023, which further decreased to 0.54 by June 2024 and remained at that level until September 2024. Finally, the ratio increased slightly to 0.55 by the end of December 2024.
Overall, the decreasing trend in the debt-to-capital ratio from 0.74 in September 2021 to 0.55 in December 2024 suggests Clearway Energy Class C has been gradually reducing its reliance on debt to finance its operations and investments, potentially improving its financial stability and resilience in the long run.
Peer comparison
Dec 31, 2024