Exelon Corporation (EXC)

Debt-to-equity 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-equity ratio		0.00	1.64	1.65	1.62	1.54	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

December 31, 2024 calculation

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

Exelon Corporation's debt-to-equity ratio has shown fluctuations over the years, as per the provided data:

- The ratio increased from 1.07 in March 2020 to a peak of 1.65 in June 2024.
- There was a notable drop in the ratio to 0.00 in December 2024, which could indicate a significant decrease in debt relative to equity.
- Throughout the years, the company's debt-to-equity ratio has generally been above 1, suggesting that Exelon has relied more on debt financing compared to equity.
- The ratio exceeding 1 indicates that the company has more debt than equity, which could carry higher financial risk but also potentially higher returns on equity.
- It is essential for stakeholders to closely monitor this ratio to assess Exelon's financial leverage and risk management strategies.