Clearway Energy Inc Class C (CWEN)

Solvency ratios

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
Debt-to-assets ratio 0.47 0.47 0.47 0.51 0.51 0.52 0.53 0.53 0.53 0.52 0.52 0.55 0.54 0.62 0.63 0.63 0.62 0.65 0.65 0.53
Debt-to-capital ratio 0.55 0.54 0.54 0.60 0.60 0.62 0.62 0.62 0.62 0.61 0.61 0.69 0.68 0.71 0.71 0.71 0.71 0.74 0.74 0.69
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
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

Clearway Energy Inc Class C's solvency ratios show a relatively stable trend over the analyzed period.

- The Debt-to-assets ratio ranged between 0.47 and 0.65, with a slight decrease towards the end of the period to 0.47. This indicates that Clearway Energy's debt level in relation to its total assets remained relatively consistent.

- The Debt-to-capital ratio fluctuated between 0.54 and 0.74, showing some variation in the proportion of debt to total capital. Notably, there was a decreasing trend towards the end of the period, reaching 0.54.

- The Debt-to-equity ratio ranged from 1.19 to 2.86, indicating the leverage level of the company. There was a downward trend in this ratio over the period, with a decrease to 1.19 in the latest recorded period, signaling a lower reliance on debt financing relative to equity.

- The Financial leverage ratio, which reflects the proportion of debt to equity, varied between 2.54 and 4.36. There was a notable decrease in this ratio over time, reaching 2.54 in the last analyzed period, indicating a lower debt reliance and potentially improved financial stability.

Overall, Clearway Energy Inc Class C's solvency ratios suggest a prudent management of debt levels and a relatively stable financial position over the period analyzed.

Coverage ratios

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
Interest coverage 12.93 1.20 1.23 1.25 1.23 1.36 1.31 3.90 4.47 4.69 4.10 1.15 1.20 1.06 1.12 1.23 1.08 1.15 1.12 0.91

Clearway Energy Inc Class C's interest coverage ratio has shown fluctuations over the reported periods, starting at a relatively low level of 0.91 as of March 31, 2020, indicating potential difficulties in meeting interest obligations. However, the interest coverage ratio improved steadily to 4.69 as of September 30, 2022, and further to 12.93 by the end of December 31, 2024, reflecting a significant enhancement in the company's ability to cover its interest expenses with operating profits.

Despite this positive trend, there were some slight decreases observed in the ratio in the subsequent periods, such as dropping to 1.23 by December 31, 2024, from the high of 12.93 in the previous quarter. These fluctuations in the interest coverage ratio suggest some variability in Clearway Energy Inc Class C's performance in managing its interest payments compared to its operating income.

It is essential for investors to continue monitoring the interest coverage ratio to assess the company's financial health and ability to meet its debt obligations as changes in this ratio can provide insights into the company's financial stability and operational efficiency.