Ameren Corp (AEE)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,893,000 | 1,923,000 | 1,934,000 | 1,908,000 | 1,890,000 | 1,860,000 | 1,761,000 | 1,659,000 | 1,561,000 | 1,486,000 | 1,476,000 | 1,501,000 | 1,530,000 | 1,521,000 | 1,458,000 | 1,508,000 | 1,412,000 | 1,298,000 | 1,315,000 | 1,233,000 |
| Interest expense (ttm) | US$ in thousands | 663,000 | 645,000 | 624,000 | 593,000 | 566,000 | 543,000 | 517,000 | 509,000 | 486,000 | 449,000 | 417,000 | 387,000 | 383,000 | 390,000 | 406,000 | 418,000 | 411,000 | 402,000 | 388,000 | 377,000 |
| Interest coverage | 2.86 | 2.98 | 3.10 | 3.22 | 3.34 | 3.43 | 3.41 | 3.26 | 3.21 | 3.31 | 3.54 | 3.88 | 3.99 | 3.90 | 3.59 | 3.61 | 3.44 | 3.23 | 3.39 | 3.27 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,893,000K ÷ $663,000K
= 2.86
Ameren Corp's interest coverage ratio, a key financial metric that indicates the company's ability to meet its interest obligations on outstanding debt, has shown a relatively consistent trend over the past few years. The interest coverage ratio measures how many times the company can cover its interest expenses with its operating income.
From March 31, 2020, to December 31, 2024, Ameren Corp's interest coverage ratio ranged from a low of 2.86 to a high of 3.99. The lowest point was observed at the end of December 2024, indicating a slight decrease in the company's ability to cover its interest payments. Conversely, the highest point was recorded at the end of December 2021, demonstrating a strong ability to cover interest expenses.
Overall, the interest coverage ratio fluctuated within a relatively narrow range during the analyzed period, indicating a generally stable financial position with regard to meeting interest obligations. However, the slight downward trend towards the end of the period may warrant further monitoring to ensure that Ameren Corp maintains a comfortable level of interest coverage in the future.
Peer comparison
Dec 31, 2024