Clearway Energy Balance Sheet Health
Financial Health criteria checks 2/6
Clearway Energy has a total shareholder equity of $5.6B and total debt of $6.5B, which brings its debt-to-equity ratio to 115.7%. Its total assets and total liabilities are $14.2B and $8.6B respectively. Clearway Energy's EBIT is $228.0M making its interest coverage ratio 0.5. It has cash and short-term investments of $319.0M.
Key information
115.7%
Debt to equity ratio
US$6.52b
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$319.00m |
| Equity | US$5.63b |
| Total liabilities | US$8.62b |
| Total assets | US$14.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NY41's short term assets ($1.1B) exceed its short term liabilities ($661.0M).
Long Term Liabilities: NY41's short term assets ($1.1B) do not cover its long term liabilities ($8.0B).
Debt to Equity History and Analysis
Debt Level: NY41's net debt to equity ratio (110%) is considered high.
Reducing Debt: NY41's debt to equity ratio has reduced from 303.5% to 115.7% over the past 5 years.
Debt Coverage: NY41's debt is not well covered by operating cash flow (12%).
Interest Coverage: NY41's interest payments on its debt are not well covered by EBIT (0.5x coverage).