Ameren Corp (AEE)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 15,121,000 | 13,685,000 | 12,562,000 | 11,078,000 | 8,915,000 |
| Total stockholders’ equity | US$ in thousands | 11,349,000 | 10,508,000 | 9,700,000 | 8,938,000 | 8,059,000 |
| Debt-to-equity ratio | 1.33 | 1.30 | 1.30 | 1.24 | 1.11 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $15,121,000K ÷ $11,349,000K
= 1.33
The debt-to-equity ratio of Ameren Corp. has gradually increased over the past five years, indicating a rising level of financial leverage. The ratio stood at 1.22 in 2019 and has steadily increased to reach 1.45 at the end of 2023. This upward trend suggests that the company has been relying more on debt financing compared to equity financing to support its operations and growth initiatives. A higher debt-to-equity ratio may imply higher financial risk due to the increased burden of debt obligations on the company's financial position. It is essential for investors and stakeholders to monitor this ratio closely to assess Ameren Corp.'s capital structure and financial stability.
Peer comparison
Dec 31, 2023