Exelon Corporation (EXC)

Debt-to-capital ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	331,000	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	31,329,000	32,056,000	31,909,000	32,960,000
Total stockholders’ equity	US$ in thousands	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	32,224,000	32,023,000	31,548,000	31,357,000
Debt-to-capital ratio		0.01	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	0.49	0.50	0.50	0.51

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 remained relatively stable over the past eight quarters, ranging from 0.61 to 0.63. This indicates that the company's proportion of debt to total capital has remained consistent, with debt comprising approximately 61% to 63% of the company's total capital structure during this period. The consistent ratio suggests that Exelon has maintained a balanced mix of debt and equity financing in its capital structure, which may reflect a prudent approach to managing its financial leverage. Monitoring this ratio over time could provide insight into the company's capital structure decisions and financial risk management strategies.