Exelon Corporation (EXC)

Debt-to-capital 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
Long-term debt US$ in thousands — 43,701,000 43,039,000 42,271,000 39,692,000 39,431,000 39,492,000 38,732,000 35,272,000 35,283,000 35,789,000 35,008,000 30,749,000 35,269,000 35,077,000 36,248,000 35,093,000 35,512,000 36,112,000 34,808,000
Total stockholders’ equity US$ in thousands 26,921,000 26,622,000 26,152,000 26,061,000 25,755,000 25,470,000 25,079,000 25,066,000 24,744,000 24,582,000 23,656,000 23,491,000 34,393,000 33,851,000 32,140,000 32,015,000 32,585,000 32,884,000 32,703,000 32,482,000
Debt-to-capital ratio 0.00 0.62 0.62 0.62 0.61 0.61 0.61 0.61 0.59 0.59 0.60 0.60 0.47 0.51 0.52 0.53 0.52 0.52 0.52 0.52

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $26,921,000K)
= 0.00

Exelon Corporation's debt-to-capital ratio has shown stability around the 0.52 to 0.53 range from March 2020 to March 2021. However, there was a notable decrease in the ratio to 0.47 by December 2021, indicating a potential reduction in debt relative to capital during that period. This trend reversed in the following quarters, with the ratio gradually increasing to 0.62 by March 2024. The sudden drop to 0.00 in December 2024 may indicate an anomaly or a significant change in the financial structure that would require further investigation. Overall, the debt-to-capital ratio fluctuated within a reasonable range over the analyzed period, suggesting a moderate level of leverage in Exelon's capital structure.