Exelon Corporation (EXC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 39,692,000 | 35,272,000 | 30,749,000 | 35,093,000 |
| Total assets | US$ in thousands | 107,784,000 | 101,856,000 | 95,349,000 | 133,013,000 | 129,317,000 |
| Debt-to-assets ratio | 0.00 | 0.39 | 0.37 | 0.23 | 0.27 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $107,784,000K
= 0.00
The debt-to-assets ratio for Exelon Corporation has shown some fluctuation over the years based on the provided data. As of December 31, 2020, the ratio was 0.27, indicating that 27% of the company's assets were financed by debt. By December 31, 2021, the ratio decreased to 0.23, signifying a slight improvement in the company's debt management as a lower ratio suggests a lower level of debt relative to assets.
However, there was an increase in the debt-to-assets ratio to 0.37 by December 31, 2022, and further to 0.39 by December 31, 2023. These increases may signal higher leverage and potential financial risk as a larger proportion of assets is being funded by debt.
Interestingly, by December 31, 2024, the debt-to-assets ratio dropped drastically to 0.00, which may suggest that the company significantly reduced or eliminated its debt, resulting in a strong balance sheet with no debt financing its assets.
Overall, the trend in Exelon Corporation's debt-to-assets ratio indicates varying levels of debt utilization over the years, with a notable improvement in the most recent year as the company seemingly transitioned to a debt-free position.
Peer comparison
Dec 31, 2024