Ameren Corp (AEE)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	-1,241,000	25,000	10,000	8,000	139,000
Short-term investments	US$ in thousands	1,248,000	308,000	240,000	8,000	3,570
Receivables	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	1,318,000	3,345,000	3,366,000	2,826,000	2,180,000
Quick ratio		0.01	0.10	0.07	0.01	0.07

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($-1,241,000K + $1,248,000K + $—K) ÷ $1,318,000K
= 0.01

The quick ratio of Ameren Corp, a utility company, provides insights into its short-term liquidity and ability to meet its immediate financial obligations using its most liquid assets. Based on the provided data:

- As of December 31, 2020, Ameren Corp had a quick ratio of 0.07, indicating that for every dollar of current liabilities, the company had $0.07 in highly liquid assets available to cover these obligations.

- By December 31, 2021, the quick ratio significantly dropped to 0.01, suggesting a potential liquidity strain as the company may have had difficulty meeting its short-term obligations with its existing liquid assets.

- The quick ratio improved to 0.07 by December 31, 2022, which may indicate a slight enhancement in Ameren Corp's ability to cover its immediate liabilities with its liquid assets.

- As of December 31, 2023, the quick ratio further increased to 0.10, reflecting a better liquidity position than in the previous years.

- However, by December 31, 2024, the quick ratio fell back to 0.01, possibly indicating a return to a more constrained liquidity position.

Overall, the fluctuation in Ameren Corp's quick ratio over the years suggests varying levels of liquidity challenges and strengths, highlighting the importance of monitoring the company's ability to fulfill its short-term obligations with its current liquid assets.