Ameren Corp (AEE)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 25,000 | 8,000 | 7,000 | 10,000 | 10,000 | 7,000 | 7,000 | 7,000 | 8,000 | 7,000 | 99,000 | 6,000 | 139,000 | 6,000 | 8,000 | 42,000 | 16,000 | 20,000 | 6,000 | 8,000 |
| Short-term investments | US$ in thousands | — | 1,321,000 | 3,502,000 | 1,180,000 | 240,000 | — | 3,669,000 | — | 3,347,000 | 3,902,000 | 3,780,000 | 3,659,000 | 3,570 | 3,386 | — | — | 641,000 | — | — | — |
| Total current liabilities | US$ in thousands | 3,345,000 | 4,017,000 | 3,243,000 | 2,757,000 | 3,366,000 | 3,175,000 | 3,588,000 | 3,145,000 | 2,826,000 | 2,357,000 | 2,177,000 | 2,307,000 | 2,180,000 | 2,105,000 | 2,000,000 | 2,367,000 | 2,505,000 | 2,285,000 | 2,752,000 | 2,392,000 |
| Cash ratio | 0.01 | 0.33 | 1.08 | 0.43 | 0.07 | 0.00 | 1.02 | 0.00 | 1.19 | 1.66 | 1.78 | 1.59 | 0.07 | 0.00 | 0.00 | 0.02 | 0.26 | 0.01 | 0.00 | 0.00 |
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 for Ameren Corp. has shown some fluctuation over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.
Looking at the data provided, we can see that the cash ratio has ranged from a low of 0.08 in Q3 2023 to a high of 0.27 in Q4 2022. The trend indicates some variability in the company's ability to meet its short-term obligations solely with its cash on hand.
It is worth noting that a higher cash ratio is generally preferred as it suggests a stronger liquidity position, indicating the company has more cash relative to its short-term liabilities. Conversely, a lower cash ratio may signal potential liquidity concerns if the company is unable to meet its short-term obligations solely from its cash reserves.
Overall, the cash ratio analysis suggests that Ameren Corp. has experienced some fluctuations in its liquidity position over the past two years, and further investigation into the underlying reasons for these changes may be warranted.
Peer comparison
Dec 31, 2023