Ameren Corp (AEE)

Liquidity ratios

	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
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
Quick ratio	0.28	0.59	1.37	0.79	0.40	0.35	1.30	0.30	1.48	2.06	2.17	1.91	0.41	0.39	0.45	0.33	0.56	0.36	0.32	0.35
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

Ameren Corp.'s liquidity ratios provide insight into its short-term financial health. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, has been fluctuating, indicating potential challenges in meeting immediate obligations. The ratios ranged from a low of 0.52 in Q3 2023 to a high of 0.79 in Q4 2022.

The quick ratio, a more stringent measure of liquidity as it excludes inventory from current assets, also shows fluctuations. The company's ability to meet current liabilities more immediately was challenged, with the quick ratio ranging from 0.33 in Q3 2023 to 0.59 in Q4 2022.

The cash ratio, which represents the most conservative liquidity measure by only considering cash and cash equivalents to cover current liabilities, demonstrates Ameren's ability to pay off its current obligations. The company struggled in this aspect as well, with the cash ratio ranging from 0.08 in Q3 2023 to 0.27 in Q4 2022.

Overall, these liquidity ratios suggest that Ameren Corp. may face challenges in meeting its short-term obligations, highlighting the importance of carefully managing its liquidity position in order to ensure financial stability and meet its operational needs.

Additional liquidity measure

		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 conversion cycle	days	161.71	177.10	163.23	151.87	163.07	175.64	158.33	142.93	154.37	171.03	153.69	136.37	148.07	226.97	175.68	136.09	123.63	124.46	117.98	106.76

The cash conversion cycle of Ameren Corp. has been fluctuating over the past eight quarters. In Q1 2022, the company had a comparatively shorter cash conversion cycle of 124.98 days, indicating its ability to efficiently convert its investments in inventory and receivables into cash. However, this cycle increased in subsequent quarters, reaching its peak at 168.19 days in Q4 2023.

The longer cash conversion cycle in recent quarters suggests that Ameren Corp. may be taking longer to collect revenue from its sales, manage its inventory, or pay its suppliers. This could potentially impact the company's liquidity and working capital management. It is important for Ameren Corp. to focus on optimizing its cash conversion cycle to ensure a healthy balance between cash inflows and outflows and to maximize its operational efficiency.