Exelon Corporation (EXC)

Debt-to-equity 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-equity ratio		0.01	1.55	1.57	1.55	1.43	1.44	1.51	1.49	0.89	1.04	1.09	1.13	1.08	1.08	1.10	1.07	0.97	1.00	1.01	1.05

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $331,000K ÷ $25,755,000K
= 0.01

The debt-to-equity ratio of Exelon Corp. has shown a gradual upward trend over the past eight quarters, starting at 1.57 in Q3 2022 and reaching 1.71 in Q4 2023. This indicates an increase in the proportion of debt relative to equity in the company's capital structure during this period.

While a higher debt-to-equity ratio can signify increased financial leverage, which may enhance returns for shareholders during profitable times, it also exposes the company to higher financial risk, particularly during economic downturns or periods of high interest rates.

It would be advisable for stakeholders and investors to closely monitor Exelon Corp.'s debt levels and evaluate the company's ability to service its debt obligations in the long run. Additionally, management should consider implementing strategies to optimize the company's capital structure and maintain a healthy balance between debt and equity to sustain long-term financial stability.