Clearway Energy Inc Class C (CWEN)
Debt-to-equity 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-equity ratio | 1.21 | 1.20 | 1.19 | 1.50 | 1.50 | 1.64 | 1.62 | 1.63 | 1.61 | 1.58 | 1.58 | 2.22 | 2.10 | 2.47 | 2.48 | 2.49 | 2.43 | 2.84 | 2.86 | 2.24 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,750,000K ÷ $5,564,000K
= 1.21
The debt-to-equity ratio of Clearway Energy Inc Class C has shown a trend of decrease from March 2020 to December 2024. The ratio decreased from 2.24 in March 2020 to 1.21 in December 2024. This indicates that the company has been steadily decreasing its reliance on debt financing in relation to equity over the period. A declining debt-to-equity ratio is typically viewed positively as it suggests a more conservative capital structure and potentially lower financial risk. Clearway Energy Inc Class C's decreasing debt-to-equity ratio could reflect efforts to strengthen its balance sheet and financial position.
Peer comparison
Dec 31, 2024