Exelon Corporation (EXC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 25,755,000 | 24,744,000 | 34,393,000 | 32,585,000 | 32,224,000 |
| Debt-to-capital ratio | 0.01 | 0.59 | 0.47 | 0.52 | 0.49 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $331,000K ÷ ($331,000K + $25,755,000K)
= 0.01
The debt-to-capital ratio of Exelon Corp. has shown a fluctuating trend over the past five years. The ratio increased from 0.54 in 2019 to 0.63 in 2023, with occasional fluctuations in between. This indicates that Exelon has been relying more on debt financing relative to its capital structure. However, it is important to note that a debt-to-capital ratio of around 0.6 suggests that Exelon's capital structure is still fairly balanced, with a moderate level of debt compared to its overall capital. Investors and creditors may monitor this ratio closely to assess Exelon's leverage and risk profile over time.
Peer comparison
Dec 31, 2023