Ameren Corp (AEE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 1,431,000 | 1,495,000 | 1,514,000 | 1,422,000 |
| 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 |
| Current ratio | 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 | 0.57 | 0.65 | 0.55 | 0.59 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,181,000K ÷ $3,345,000K
= 0.65
The current ratio measures Ameren Corp.'s ability to cover its short-term obligations with its current assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities with its current assets.
Looking at the trend of Ameren Corp.'s current ratio over the past eight quarters, we can observe fluctuations in the ratio. The current ratio for Q4 2023 is 0.65, lower than the previous quarter's ratio of 0.52, indicating a slight improvement in the company's ability to cover its short-term obligations. However, it is still below 1, reflecting potential liquidity challenges.
In comparison to the same quarter in the previous year (Q4 2022), Ameren Corp.'s current ratio has decreased from 0.79 to 0.65. This decline suggests that the company's current assets might not be sufficient to cover its current liabilities as effectively as in the prior year.
Overall, Ameren Corp. may need to closely monitor and manage its working capital to ensure it can meet its short-term obligations in a sustainable manner. Further analysis of the company's current asset composition and liabilities structure may provide additional insights into its liquidity position.
Peer comparison
Dec 31, 2023