Alliant Energy Corp (LNT)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 81,000 | 827,000 | 92,000 | 32,000 | 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 |
| Short-term investments | US$ in thousands | 276,000 | -31,000 | — | — | — | — | — | — | — | — | — | 533,000 | 517,000 | — | 506,000 | 494,000 | 485 | 478,000 | — | — |
| Total current liabilities | US$ in thousands | 2,715,000 | 2,288,000 | 1,854,000 | 1,984,000 | 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 |
| Cash ratio | 0.13 | 0.35 | 0.05 | 0.02 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($81,000K
+ $276,000K)
÷ $2,715,000K
= 0.13
The cash ratio of Alliant Energy Corp has shown fluctuations over the analyzed period, ranging from a low of 0.01 to a high of 0.52. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations using readily available cash.
Observing the trend, we can see that the cash ratio experienced significant variability, indicating potential changes in the company's liquidity position. For example, there was a sharp increase in the cash ratio from 0.03 in March 2020 to 0.52 in September 2020, suggesting a substantial improvement in liquidity during that period. However, the ratio declined to 0.01 in September 2021, reflecting potential challenges in liquidity management.
It is crucial for Alliant Energy Corp to maintain an appropriate level of liquidity to ensure financial stability and meet its short-term obligations effectively. By closely monitoring and managing its cash position, the company can enhance its ability to navigate economic uncertainties and capitalize on strategic opportunities.
Peer comparison
Dec 31, 2024