Alliant Energy Corp (LNT)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 81,000 | 62,000 | 20,000 | 39,000 | 54,000 |
| Short-term investments | US$ in thousands | — | -1,000 | — | 517,000 | 485 |
| Total current liabilities | US$ in thousands | 2,715,000 | 2,304,000 | 2,363,000 | 2,054,000 | 1,297,000 |
| Cash ratio | 0.03 | 0.03 | 0.01 | 0.27 | 0.04 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($81,000K
+ $—K)
÷ $2,715,000K
= 0.03
The cash ratio of Alliant Energy Corp has shown fluctuations over the past five years. As of December 31, 2020, the cash ratio was 0.04, indicating that the company had $0.04 in cash and cash equivalents for every dollar of current liabilities. Subsequently, the ratio improved significantly to 0.27 by December 31, 2021, pointing to a stronger liquidity position. However, by December 31, 2022, the cash ratio decreased substantially to 0.01, suggesting potential challenges in meeting short-term obligations with available cash.
The ratio slightly recovered to 0.03 by December 31, 2023, but remained relatively low compared to the previous year. As of December 31, 2024, the cash ratio maintained the same level at 0.03, indicating a continued modest ability to cover short-term liabilities with cash. Overall, the fluctuating trend in the cash ratio reflects varying levels of liquidity and the need for the company to effectively manage its cash resources to ensure financial stability and meet its short-term obligations.
Peer comparison
Dec 31, 2024