Alliant Energy Corp (LNT)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 62,000 | 206,000 | 13,000 | 157,000 | 20,000 | 344,000 | 19,000 | 67,000 | 39,000 | 20,000 | 15,000 | 14,000 | 54,000 | 189,000 | 208,100 | 55,200 | 16,000 | 193,700 | 170,200 | 10,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | 533,000 | 517,000 | — | 506,000 | 494,000 | 485 | 478,000 | — | — | 300 | — | — | — |
| Total current liabilities | US$ in thousands | 2,304,000 | 1,935,000 | 1,893,000 | 1,908,000 | 2,363,000 | 2,422,000 | 2,276,000 | 1,521,000 | 2,054,000 | 1,557,000 | 1,639,000 | 1,408,000 | 1,297,000 | 1,295,000 | 1,220,900 | 1,650,200 | 2,054,000 | 2,082,100 | 1,949,000 | 1,587,700 |
| Cash ratio | 0.03 | 0.11 | 0.01 | 0.08 | 0.01 | 0.14 | 0.01 | 0.39 | 0.27 | 0.01 | 0.32 | 0.36 | 0.04 | 0.52 | 0.17 | 0.03 | 0.01 | 0.09 | 0.09 | 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. fluctuated over the eight quarters provided. It ranged from a low of 0.17 in Q4 2022 to a high of 0.37 in Q3 2022. The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher ratio indicates a stronger ability to pay off current obligations.
In this case, the average cash ratio over the eight quarters was approximately 0.26, with a standard deviation of 0.06. This suggests some variability in the company's liquidity position over the period. It is important to note that a cash ratio of 0.20 or above is generally considered acceptable for most industries, indicating that Alliant Energy Corp. maintained a reasonable level of liquidity to meet its short-term obligations during the period analyzed.
Further examination of the company's cash management practices and liquidity trends may provide insights into the factors driving the fluctuations in the cash ratio over time. Additionally, comparing Alliant Energy Corp.'s cash ratio with industry benchmarks and peer companies can offer a broader perspective on its liquidity position relative to the sector.
Peer comparison
Dec 31, 2023