Ameren Corp (AEE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.60 | 3.59 | 3.64 | 3.59 | 3.61 | 3.69 | 3.76 | 3.69 | 3.68 | 3.58 | 3.63 | 3.58 | 3.58 | 3.59 | 3.65 | 3.62 | 3.59 | 3.54 | 3.61 | 3.57 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $40,830,000K ÷ $11,349,000K
= 3.60
The financial leverage ratio of Ameren Corp. has shown some fluctuations over the past eight quarters, ranging from 3.59 to 3.76. A higher financial leverage ratio indicates that a company relies more on debt to finance its operations, while a lower ratio suggests a stronger equity base. Ameren Corp.'s ratio has been moderately high but relatively stable, hovering around the 3.6-3.7 range.
It is essential to analyze the trend in conjunction with other financial metrics and industry benchmarks to assess the company's overall financial health and risk profile accurately. A consistently high leverage ratio may indicate increased financial risk and potential challenges in servicing debt obligations. Conversely, a declining trend may signal a more conservative approach to financing and a stronger balance sheet.
Further analysis of Ameren Corp.'s capital structure, debt levels, and profitability metrics would provide deeper insights into the implications of its financial leverage ratio. Investors and stakeholders should consider the company's overall financial position and performance to make informed decisions about its investment potential and risk profile.
Peer comparison
Dec 31, 2023