Clearway Energy Inc Class C (CWEN)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,750,000 | 7,479,000 | 6,491,000 | 6,939,000 | 6,585,000 |
| Total stockholders’ equity | US$ in thousands | 5,564,000 | 4,995,000 | 4,033,000 | 3,300,000 | 2,715,000 |
| Debt-to-equity ratio | 1.21 | 1.50 | 1.61 | 2.10 | 2.43 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,750,000K ÷ $5,564,000K
= 1.21
Based on the provided data, Clearway Energy Inc Class C has shown a decreasing trend in its debt-to-equity ratio over the years. The ratio decreased from 2.43 on December 31, 2020, to 1.21 on December 31, 2024. This indicates that the company's reliance on debt relative to equity has been decreasing over this period. A lower debt-to-equity ratio may suggest that the company is becoming less leveraged and potentially improving its financial health by relying more on equity financing compared to debt financing. This decreasing trend in the debt-to-equity ratio could be viewed positively by investors and creditors as it signifies a strengthening financial position for Clearway Energy Inc Class C.
Peer comparison
Dec 31, 2024