Clearway Energy Inc Class C (CWEN)

Financial leverage 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
Total assets	US$ in thousands	14,329,000	14,249,000	14,517,000	14,862,000	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
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
Financial leverage ratio		2.58	2.53	2.54	2.94	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

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,329,000K ÷ $5,564,000K
= 2.58

The financial leverage ratio of Clearway Energy Inc Class C has shown fluctuations over the years. It decreased from 4.22 as of March 31, 2020, to a low of 2.54 as of June 30, 2024, fluctuating between these values during the interim periods. A higher financial leverage ratio indicates a higher level of debt compared to equity in the company's capital structure. A decreasing trend in the ratio suggests that the company is reducing its reliance on debt financing or increasing its equity base, which could be a positive sign for investors and creditors as it may indicate a lower financial risk. However, it is important to consider the overall financial health and growth prospects of the company in conjunction with the financial leverage ratio for a more holistic assessment.