Ameren Corp (AEE)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | -1,241,000 | 25,000 | 10,000 | 8,000 | 139,000 |
| Short-term investments | US$ in thousands | 1,248,000 | 308,000 | 240,000 | 8,000 | 3,570 |
| Total current liabilities | US$ in thousands | 1,318,000 | 3,345,000 | 3,366,000 | 2,826,000 | 2,180,000 |
| Cash ratio | 0.01 | 0.10 | 0.07 | 0.01 | 0.07 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($-1,241,000K
+ $1,248,000K)
÷ $1,318,000K
= 0.01
The cash ratio of Ameren Corp has displayed significant fluctuations over the past five years. As of December 31, 2020, the company had a cash ratio of 0.07, indicating that it had $0.07 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased sharply to 0.01 by December 31, 2021, suggesting potential liquidity challenges or a decrease in available cash.
However, the cash ratio rebounded to 0.07 by December 31, 2022, indicating an improvement in the company's ability to cover its short-term obligations with cash on hand. By December 31, 2023, the cash ratio further increased to 0.10, reflecting a stronger liquidity position compared to the previous years.
Nevertheless, by December 31, 2024, the cash ratio fell back to 0.01, which may raise concerns about Ameren Corp's liquidity management and its ability to meet short-term financial obligations with available cash.
Overall, Ameren Corp's cash ratio has experienced fluctuations, highlighting the importance of closely monitoring the company's liquidity position to ensure it can effectively manage its short-term financial commitments.
Peer comparison
Dec 31, 2024