Ameren Corp (AEE)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 25,000 | 10,000 | 8,000 | 139,000 | 16,000 |
| Short-term investments | US$ in thousands | — | 240,000 | 8,000 | 3,570 | — |
| Total current liabilities | US$ in thousands | 3,345,000 | 3,366,000 | 2,826,000 | 2,180,000 | 2,505,000 |
| Cash ratio | 0.01 | 0.07 | 0.01 | 0.07 | 0.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($25,000K
+ $—K)
÷ $3,345,000K
= 0.01
The cash ratio of Ameren Corp. has fluctuated over the past five years, ranging from 0.08 in 2019 to 0.27 in 2022. A higher cash ratio indicates a company's ability to cover its short-term liabilities with its cash and cash equivalents.
In 2023, Ameren Corp.'s cash ratio decreased to 0.16, which suggests a slight decline in its ability to cover its short-term obligations solely with cash. However, it is important to note that a cash ratio of 0.16 still indicates that the company has a reasonable level of liquidity.
Overall, Ameren Corp.'s cash ratio analysis indicates that the company has managed its cash and cash equivalents effectively over the years, maintaining a level of liquidity that allows it to meet its short-term obligations.
Peer comparison
Dec 31, 2023