Ameren Corp (AEE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 11,349,000 | 11,043,000 | 10,697,000 | 10,607,000 | 10,508,000 | 10,201,000 | 9,880,000 | 9,806,000 | 9,700,000 | 9,685,000 | 9,353,000 | 9,148,000 | 8,938,000 | 8,489,000 | 8,227,000 | 8,085,000 | 8,059,000 | 8,062,000 | 7,791,000 | 7,705,000 |
| Debt-to-capital ratio | 0.57 | 0.56 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.56 | 0.56 | 0.56 | 0.57 | 0.56 | 0.55 | 0.55 | 0.55 | 0.54 | 0.53 | 0.52 | 0.51 | 0.52 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $15,121,000K ÷ ($15,121,000K + $11,349,000K)
= 0.57
The debt-to-capital ratio of Ameren Corp. has been relatively stable over the past eight quarters, ranging from 0.59 to 0.60. This ratio indicates that, on average, around 59% to 60% of the company's capital structure is financed by debt, with the remainder being covered by equity.
A consistent debt-to-capital ratio suggests that Ameren has maintained a balanced mix of debt and equity in funding its operations and investments. A ratio around 0.60 is considered moderate and indicates a reasonable level of leverage, allowing the company to benefit from the tax advantages of debt while managing its financial risks.
Overall, Ameren's debt-to-capital ratio suggests that the company has been prudent in managing its capital structure and leveraging debt to support its growth and operations effectively. Further analysis of other financial metrics and industry comparisons would provide a more comprehensive view of the company's financial health and risk profile.
Peer comparison
Dec 31, 2023