Debt-to-Equity Ratio

EXC’s current debt-to-equity ratio of 1.75x means the company uses $1.75 of debt for every $1.00 of shareholder equity, indicating a relatively high reliance on borrowed funds to finance its operations.

This is well above the sector median of 0.75x, placing the company in the 80th percentile among its peers—meaning it has more debt relative to equity than 80% of similar companies. The year-over-year change and quarter-over-quarter change are both listed as N/A, though no trend data for the last eight quarters is available to gauge direction. Because the debt level is elevated and no observable trend exists, investors face increased financial risk if interest rates rise or earnings decline, but there is also no evidence of a worsening trajectory. This high leverage ratio contradicts a neutral stance, as it signals above-average financial risk that typically warrants a more cautious view.

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