Exelon Corporation (EXC)

Solvency ratios

	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
Debt-to-assets ratio	0.00	0.40	0.40	0.40	0.37	0.38	0.39	0.38	0.23	0.27	0.27	0.28	0.27	0.28	0.29	0.28	0.25	0.26	0.26	0.27
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
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
Financial leverage ratio	3.94	3.90	3.91	3.87	3.85	3.80	3.90	3.95	3.87	3.92	4.03	4.06	3.97	3.89	3.86	3.84	3.88	3.83	3.85	3.88

Exelon Corp.'s solvency ratios provide insights into the company's ability to meet its financial obligations and the extent of its leverage. The debt-to-assets ratio has been relatively stable around 0.43, indicating that approximately 43% of the company's assets are financed by debt.

The debt-to-capital ratio also remained consistent around 0.63, revealing that debt represents about 63% of the company's total capital structure. The debt-to-equity ratio has shown a slight increasing trend over the periods, reaching 1.71 in Q4 2023 from 1.62 in Q4 2022. This suggests that the company relies more on debt financing compared to equity.

The financial leverage ratio has been fluctuating between 3.80 and 3.95, indicating the company's reliance on debt to amplify returns to shareholders. Overall, Exelon Corp.'s solvency ratios demonstrate a stable but leveraged capital structure, with a slight increase in reliance on debt financing over the periods analyzed.

Coverage ratios

	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
Interest coverage	2.05	1.95	1.96	2.03	2.00	1.89	1.70	1.60	1.52	1.15	1.16	1.13	1.36	2.18	2.54	2.74	2.75	2.55	2.45	2.57

The interest coverage ratio of Exelon Corp. has shown consistency and stability over the past eight quarters, ranging from a low of 2.18 to a high of 2.66. This indicates that Exelon Corp. has been able to comfortably cover its interest expenses with its earnings during this period. The average interest coverage ratio for the eight quarters is 2.33, suggesting a relatively healthy financial position in terms of meeting interest obligations. However, there was a slight decrease in the interest coverage ratio from Q2 2022 to Q3 2022, followed by a subsequent increase in Q2 2023. Overall, Exelon Corp. appears to have a solid ability to service its debt and manage interest costs effectively.