Ameren Corp (AEE)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 25,000 | 10,000 | 8,000 | 139,000 | 16,000 |
| Short-term investments | US$ in thousands | — | 240,000 | 8,000 | 3,570 | — |
| Receivables | US$ in thousands | 919,000 | 1,100,000 | 820,000 | 749,000 | 734,000 |
| Total current liabilities | US$ in thousands | 3,345,000 | 3,366,000 | 2,826,000 | 2,180,000 | 2,505,000 |
| Quick ratio | 0.28 | 0.40 | 0.30 | 0.41 | 0.30 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($25,000K
+ $—K
+ $919,000K)
÷ $3,345,000K
= 0.28
The quick ratio of Ameren Corp. has fluctuated over the past five years, ranging from 0.37 to 0.59. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger ability to cover short-term liabilities.
In 2023, the quick ratio decreased to 0.43 from 0.59 in 2022, signaling a decrease in the company's ability to quickly cover its short-term liabilities using its liquid assets. This may raise concerns about Ameren Corp.'s liquidity position in the most recent year. However, it is important to note that this ratio should be analyzed in conjunction with other liquidity ratios and operational performance indicators for a comprehensive assessment of the company's financial health.
Peer comparison
Dec 31, 2023