Clearway Energy Inc Class C (CWEN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 2,263,000 | 2,046,000 | 2,054,000 | 1,772,000 |
| Debt-to-equity ratio | 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 | 2.19 | 2.02 | 2.04 | 2.38 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $7,479,000K ÷ $4,995,000K
= 1.50
The debt-to-equity ratio of Clearway Energy Inc has been fluctuating over the past eight quarters. In Q4 2023, the ratio stands at 3.83, showing an increase compared to the previous quarter. This indicates that the company is relying more on debt financing relative to equity. The trend of increasing ratios from Q1 2023 to Q4 2023 suggests a growing debt burden compared to equity in the company's capital structure. However, it should be noted that the ratio has been higher in previous periods, reaching a peak of 4.40 in Q1 2022. This suggests that Clearway Energy Inc has been managing its debt levels over time but still maintains a relatively high level of debt compared to equity.
Peer comparison
Dec 31, 2023