Ameren Corp (AEE)

Debt-to-assets 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
Long-term debt	US$ in thousands	15,121,000	13,829,000	14,328,000	14,181,000	13,685,000	13,577,000	12,985,000	12,563,000	12,562,000	12,444,000	12,492,000	11,527,000	11,078,000	10,172,000	10,171,000	9,378,000	8,915,000	8,651,000	8,222,000	8,221,000
Total assets	US$ in thousands	40,830,000	39,599,000	38,947,000	38,064,000	37,904,000	37,657,000	37,108,000	36,197,000	35,735,000	34,665,000	33,916,000	32,789,000	32,030,000	30,517,000	30,016,000	29,272,000	28,933,000	28,546,000	28,103,000	27,509,000
Debt-to-assets ratio		0.37	0.35	0.37	0.37	0.36	0.36	0.35	0.35	0.35	0.36	0.37	0.35	0.35	0.33	0.34	0.32	0.31	0.30	0.29	0.30

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $15,121,000K ÷ $40,830,000K
= 0.37

The debt-to-assets ratio for Ameren Corp. has been relatively stable over the past eight quarters, ranging from 0.39 to 0.41. This indicates that, on average, approximately 40% of the company's assets are financed by debt. A ratio of 0.40 suggests a balanced capital structure, with a moderate level of debt compared to the total assets. The consistency in the ratio over time indicates that Ameren is maintaining a steady approach to managing its debt levels relative to its assets. It is important to consider industry benchmarks and peer comparisons to fully assess the company's financial leverage and risk management practices.