Ameren Corp (AEE)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.68 | 3.66 | 3.67 | 3.61 | 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 |
Based on the provided data for Ameren Corp, it can be observed that the company has consistently maintained a very low level of leverage and debt in its capital structure over the years.
The Debt-to-assets ratio, which indicates the proportion of the company's assets financed by debt, has remained at 0.00% consistently from March 2020 to December 2024. This suggests that the company has minimal reliance on debt to fund its assets.
Similarly, the Debt-to-capital ratio, which represents the percentage of the company's capitalization that comes from debt, has also consistently remained at 0.00% during the same period. This indicates that Ameren Corp relies more on equity financing rather than debt.
The Debt-to-equity ratio, which measures the proportion of debt to equity in the company's capital structure, has also remained at 0.00% consistently from March 2020 to December 2024. This further confirms the company's low debt levels relative to its equity.
The Financial leverage ratio, which reflects the extent to which the company relies on debt to finance its operations, has fluctuated slightly but has generally stayed relatively stable around the range of 3.58 to 3.76 from March 2020 to December 2024. This ratio suggests that the company has a moderate level of financial leverage but is still within reasonable levels.
Overall, Ameren Corp's solvency ratios indicate a conservative approach to managing its capital structure, with a focus on maintaining low debt levels and a balanced mix of debt and equity financing.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Ameren Corp's interest coverage ratio, which measures the company's ability to cover its interest expenses with its operating income, has shown a relatively stable trend over the past few years. The interest coverage ratio ranged between 3.10 to 3.99 during the period from March 31, 2021, to December 31, 2024.
The ratio peaked at 3.99 on December 31, 2021, indicating that Ameren Corp generated almost four times the operating income necessary to cover its interest expenses, reflecting a strong financial position. However, the ratio declined slightly in the following periods, reaching 2.86 on December 31, 2024, which may suggest a decrease in the company's ability to cover its interest obligations.
Overall, Ameren Corp's interest coverage ratio remained above 2.0 throughout the period, indicating that the company generally had sufficient operating income to meet its interest payments. It is essential for investors and lenders to monitor the trend of the interest coverage ratio to assess the company's financial health and ability to manage its debt obligations effectively.