Clearway Energy (Clearway Energy) Debt-to-EBITDA

: 12.31 (As of Dec. 2023)

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Debt-to-EBITDA measures a company's ability to pay off its debt.

Clearway Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $558 Mil. Clearway Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8,106 Mil. Clearway Energy's annualized EBITDA for the quarter that ended in Dec. 2023 was $704 Mil. Clearway Energy's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 12.31.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

CWEN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.35 Med: 8.32 Max: 9.15
Current: 8.4

During the past 13 years, the highest Debt-to-EBITDA Ratio of Clearway Energy was 9.15. The lowest was 3.35. And the median was 8.32.

CWEN's Debt-to-EBITDA is ranked worse than
72.76% of 323 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.46 vs CWEN: 8.40

Clearway Energy Debt-to-EBITDA Historical Data

The historical data trend for Clearway Energy's Debt-to-EBITDA 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.

Clearway Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

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9.08

8.32

9.15

3.35

8.40

Clearway Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial															9.11	8.69	5.67	6.81	12.31

Competitive Comparison

For the Utilities - Renewable subindustry, Clearway Energy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Clearway Energy Debt-to-EBITDA Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Clearway Energy's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Clearway Energy's Debt-to-EBITDA falls into.

Clearway Energy Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Clearway Energy's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(558	+	8106)	/	1032
	=	8.40

Clearway Energy's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(558	+	8106)	/	704
	=	12.31

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Clearway Energy (NYSE:CWEN) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Clearway Energy Debt-to-EBITDA Related Terms

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

Clearway Energy (Clearway Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Clearway Energy Inc (NYSE:CWEN) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CWEN.A:USA NY41:Germany NY4B:Germany

Address

300 Carnegie Center, Suite 300, Princeton, NJ, USA, 08540

Website

https://www.clearwayenergy.com

Clearway Energy Inc is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The company segments its operations into conventional power generation, renewables and thermal divisions.

Executives

Christopher S Sotos	director	CLEARWAY ENERGY, INC., 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Global Infrastructure Investors Iii, Llc	10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Se Totalenergies	director, 10 percent owner	2 PLACE JEAN MILLIER, ARCHE NORD COUPOLE/REGNAULT, PARIS LA DEFENSE CEDEX I0 92078
Emmanuel Barrois	director	300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Guillaume Hediard	director	300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Vincent Stoquart	director	C/O SUNPOWER CORPORATION, 51 RIO ROBLES, SAN JOSE CA 95134
Totalenergies Gestion Usa Sarl	10 percent owner	LA DEFENSE 6 2 PLACE JEAN MILLIER, COURBEVOIE, HAUTS-DE-SEINE I0 92400
Totalenergies Holdings Usa, Inc.	10 percent owner	1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Renewables Usa, Llc	10 percent owner	1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Totalenergies Delaware, Inc.	10 percent owner	1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002
Zephyr Holdings Gp, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Zephyr Midco Holdings, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Michael Taft Murphy	officer: CHIEF INVESTMENT OFFICER	300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540
Jennifer Elaine Lowry	director	2 HOLLINS AVE, BALTIMORE MD 21210
E Stanley Oneal	director	MERRILL LYNCH CORPORATE SECRETARY, 222 BROADWAY, 17TH FLOOR, NEW YORK NY 10038