Exelon Corporation (EXC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 331,000 | 35,272,000 | 30,749,000 | 35,093,000 | 31,329,000 |
| Total assets | US$ in thousands | 101,546,000 | 95,349,000 | 133,013,000 | 129,317,000 | 124,977,000 |
| Debt-to-assets ratio | 0.00 | 0.37 | 0.23 | 0.27 | 0.25 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $331,000K ÷ $101,546,000K
= 0.00
Exelon Corp.'s debt-to-assets ratio has shown a gradual increase over the past five years, rising from 0.30 in 2019 to 0.43 in 2023. This indicates that the company has been increasingly financing its assets through debt. A higher debt-to-assets ratio suggests that a larger portion of the company's assets are funded through debt, which may indicate higher financial risk. However, it's important to note that the ratio of 0.43 in 2023 is still within a moderate range, indicating that Exelon Corp. has not taken on excessive debt relative to its asset base. It would be essential for the company to manage its debt levels effectively to maintain financial stability and sustainability in the future.
Peer comparison
Dec 31, 2023