Alliant Energy Corp (LNT)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 62,000 | 20,000 | 39,000 | 54,000 | 16,000 |
| Short-term investments | US$ in thousands | — | — | 517,000 | 485 | 300 |
| Total current liabilities | US$ in thousands | 2,304,000 | 2,363,000 | 2,054,000 | 1,297,000 | 2,054,000 |
| Cash ratio | 0.03 | 0.01 | 0.27 | 0.04 | 0.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($62,000K
+ $—K)
÷ $2,304,000K
= 0.03
The cash ratio of Alliant Energy Corp. has shown variations over the past five years. The ratio provides insight into the company's ability to cover its short-term obligations with its cash and cash equivalents.
In 2023, the cash ratio improved to 0.20 from 0.17 in 2022, indicating a stronger liquidity position compared to the previous year. This suggests that the company had a higher proportion of cash on hand relative to its current liabilities in 2023.
Looking back further, the cash ratio was also relatively stable in 2021 and 2020, hovering around 0.19 and 0.20 respectively, indicating a consistent ability to meet short-term obligations during those years.
In 2019, the cash ratio was lower at 0.12, which may have indicated a relatively weaker liquidity position compared to the subsequent years. However, it is essential to consider the overall trend and context when analyzing a single year's ratio.
Overall, the trend in Alliant Energy Corp.'s cash ratio suggests that the company has maintained a generally healthy liquidity position over the past five years, with improvements in 2023 potentially reflecting enhanced cash management or liquidity strategies.
Peer comparison
Dec 31, 2023