Ameren Corp (AEE)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,264,000 | 2,257,000 | 2,217,000 | 2,084,000 | 2,181,000 | 2,084,000 | 2,019,000 | 2,062,000 | 2,668,000 | 2,518,000 | 2,396,000 | 2,031,000 | 1,968,000 | 2,204,000 | 2,116,000 | 1,823,000 | 1,653,000 | 1,590,000 | 1,620,000 | 1,464,000 |
| Total current liabilities | US$ in thousands | 3,413,000 | 3,567,000 | 3,293,000 | 3,505,000 | 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 |
| Current ratio | 0.66 | 0.63 | 0.67 | 0.59 | 0.65 | 0.52 | 0.62 | 0.75 | 0.79 | 0.79 | 0.67 | 0.65 | 0.70 | 0.94 | 0.97 | 0.79 | 0.76 | 0.76 | 0.81 | 0.62 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,264,000K ÷ $3,413,000K
= 0.66
The current ratio of Ameren Corp has fluctuated over the periods provided, ranging from a low of 0.52 to a high of 0.97. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term obligations, while a ratio above 1 suggests the company is in a better position to do so.
Looking at the trend, we observe that the current ratio saw an initial increase from March 31, 2020, to June 30, 2021, indicating an improvement in the company's liquidity position. However, the ratio dropped in the subsequent quarters but remained above 0.5, except for a few quarters where it dipped below that threshold.
It is important to note that a low current ratio may raise concerns about the company's ability to meet its immediate financial obligations, while a very high current ratio may suggest that the company is not efficiently utilizing its current assets. Therefore, a balance needs to be maintained to ensure optimal liquidity management.
Peer comparison
Dec 31, 2024