Ameren Corp (AEE)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 7,000 | 17,000 | 37,000 | 85,000 | 38,000 | 8,000 | 7,000 | 10,000 | 10,000 | 7,000 | 7,000 | 7,000 | 8,000 | 7,000 | 99,000 | 6,000 | 139,000 | 6,000 | 8,000 | 42,000 |
| Short-term investments | US$ in thousands | 4,688,000 | — | — | — | 0 | 1,321,000 | 3,502,000 | 1,180,000 | 240,000 | — | -648,000 | — | 3,347,000 | 3,902,000 | 3,780,000 | 3,659,000 | 3,570 | 3,386 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.38 | 0.00 | 0.01 | 0.02 | 0.01 | 0.33 | 1.08 | 0.43 | 0.07 | 0.00 | -0.18 | 0.00 | 1.19 | 1.66 | 1.78 | 1.59 | 0.07 | 0.00 | 0.00 | 0.02 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,000K
+ $4,688,000K
+ $—K)
÷ $3,413,000K
= 1.38
The quick ratio of Ameren Corp provides insight into the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. Based on the provided data, the quick ratio fluctuated significantly over the observed periods.
- The quick ratio was extremely low in the first half of 2020, indicating potential liquidity issues as it was below 1. This means the company may have struggled to cover its short-term liabilities without relying on selling inventory.
- However, starting from March 31, 2021, the quick ratio showed a significant improvement, surpassing 1. This suggests that Ameren Corp had more than enough liquid assets to cover its current liabilities without relying on inventory.
- Throughout the following periods until September 30, 2022, the quick ratio remained above 1, indicating a healthy liquidity position for the company.
- An anomaly was observed in the June 30, 2022, period where the quick ratio was negative, suggesting potential issues with liquidity management or reporting inaccuracies. Further investigation may be required to understand this anomaly.
- Following this anomaly, the quick ratio improved and remained relatively stable above 0.2 until the end of 2024. This indicates Ameren Corp's ability to meet short-term obligations using liquid assets, although there was some fluctuation during this period.
In conclusion, while Ameren Corp experienced fluctuations in its quick ratio over the analyzed period, the company generally demonstrated an improvement in liquidity positions from 2021 onwards, with some anomalies that may warrant closer scrutiny.
Peer comparison
Dec 31, 2024