The AES (The AES) Debt-to-Equity

: 10.80 (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

The AES's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,132 Mil. The AES's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $22,746 Mil. The AES's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,488 Mil. The AES's debt to equity for the quarter that ended in Dec. 2023 was 10.80.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for The AES's Debt-to-Equity or its related term are showing as below:

AES' s Debt-to-Equity Range Over the Past 10 Years
Min: 4.88 Med: 6.85 Max: 10.8
Current: 10.8

During the past 13 years, the highest Debt-to-Equity Ratio of The AES was 10.80. The lowest was 4.88. And the median was 6.85.

AES's Debt-to-Equity is ranked worse than
98.95% of 474 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs AES: 10.80

The AES Debt-to-Equity Historical Data

The historical data trend for The AES's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The AES Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

6.73

7.55

6.68

9.64

10.80

The AES Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															9.64	10.51	10.65	9.86	10.80

Competitive Comparison

For the Utilities - Diversified subindustry, The AES's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The AES Debt-to-Equity Distribution

For the Utilities - Regulated industry and Utilities sector, The AES's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The AES's Debt-to-Equity falls into.

The AES Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The AES's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4132	+	22746)	/	2488
	=	10.80

The AES's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4132	+	22746)	/	2488
	=	10.80

The AES (NYSE:AES) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

The AES Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of The AES's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

The AES (The AES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » The AES Corp (NYSE:AES) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AESC:USA AES:Germany AES:Germany A1ES34:Brazil

Address

4300 Wilson Boulevard, 11th Floor, Arlington, VA, USA, 22203

Website

https://www.aes.com

AES is a global power company. Its current generation portfolio as of year-end 2022 consists of over 32 gigawatts of generation including renewable energy (46%), gas (32%), coal (20%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to 2.6 million customers.

Executives

Tish Mendoza	officer: Sr. VP & Chief HR Officer	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Ricardo Manuel Falu	officer: SVP & Chief Operating Officer	4300 WILSON BLVD, ARLINGTON VA 22203
Juan Ignacio Rubiolo	officer: VP, MCAC SBU President	4300 WILSON BLVD., ARLINGTON VA 22203
Paul L Freedman	officer: SVP and General Counsel	4300 WILSON BLVD, ARLINGTON VA 22203
Santos Bernerd Da	officer: Sr. VP and COO	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Andres Gluski	officer: Executive VP & COO	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Stephen Coughlin	officer: EVP and CFO	4300 WILSON BLVD., 11TH FLOOR, ARLINGTON VA 22203
Alain Monie	director	WORLDWIDE LEGAL DEPT 1600 E ST, SANTA ANA CA 92705
Julia M. Laulis	director	210 E. EARLL DRIVE, PHOENIX AZ 85012
Maura Shaughnessy	director	4300 WILSON BLVD., ARLINGTON VA 22203
Gerard M Anderson	director	ONE ENERGY PLAZA, LEGAL DEPARTMENT, DETROIT MI 48226
James H Miller	director	C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Teresa Mosley Sebastian	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Jeffrey W Ubben	director, other: See Remarks	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Tarun Khanna	director	4300 WILSON BOULEVARD, ARLINGTON VA 22203