Clearway Energy Inc Class C (CWEN)

Financial leverage 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
Total assets	US$ in thousands	14,701,000	13,370,000	12,624,000	12,749,000	12,312,000	12,596,000	12,648,000	12,628,000	12,813,000	11,780,000	11,881,000	11,848,000	10,592,000	9,725,000	9,736,000	9,555,000	9,700,000	8,838,000	8,731,000	8,465,000
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
Financial leverage ratio		2.94	3.13	3.05	3.06	3.05	3.06	3.02	4.02	3.88	3.99	3.96	3.96	3.90	4.35	4.36	4.22	4.29	4.32	4.25	4.78

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,701,000K ÷ $4,995,000K
= 2.94

The financial leverage ratio of Clearway Energy Inc has shown some fluctuations over the past eight quarters. The ratio has ranged from 5.50 to 7.17 during this period. From Q1 2022 to Q2 2023, the ratio experienced a general upward trend, indicating an increase in the company's reliance on debt to finance its operations and investments. However, there was a slight decrease in Q3 2023 followed by a slight increase in Q4 2023.

Overall, the financial leverage ratio of Clearway Energy Inc appears to be at a relatively high level, indicating a significant amount of debt in the company's capital structure. Investors and stakeholders may need to closely monitor this ratio to assess the company's ability to manage its debt levels effectively and maintain financial stability.