Alliant Energy Corp (LNT)

Liquidity 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
Current ratio	0.44	0.86	0.65	0.56	0.55	0.71	0.60	0.62	0.53	0.70	0.57	0.72	0.52	0.65	0.55	0.54	0.68	0.80	0.86	0.55
Quick 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
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

The current ratio for Alliant Energy Corp has shown some fluctuations over the past few years, ranging from a low of 0.52 to a high of 0.86. While the ratio has dipped below 1 at times, indicating potential short-term liquidity concerns, it has generally remained within a range that suggests the company has sufficient current assets to cover its current liabilities.

The quick ratio, which provides a more stringent measure of liquidity by excluding inventory from current assets, also displays variability over the period analyzed. The ratio has fluctuated between 0.01 and 0.52, with some quarters showing a significant improvement in liquidity compared to the current ratio. However, the ratios at certain points are quite low, indicating a potential difficulty in meeting immediate obligations without relying on inventory.

The cash ratio, which is the most stringent measure of liquidity as it only considers cash and cash equivalents, mirrors the trend seen in the quick ratio. The cash ratio has shown some volatility, ranging from 0.01 to 0.39. While the ratios are generally lower than the quick ratio, they still provide insights into the company's ability to meet short-term obligations using its most liquid assets.

Overall, the liquidity ratios of Alliant Energy Corp highlight fluctuations in its ability to meet short-term obligations over the period analyzed. While the current and quick ratios generally suggest the company has sufficient liquidity, the cash ratio shows a more conservative position. It would be important for the company to closely monitor these ratios and ensure it maintains a strong liquidity position to weather any potential short-term challenges.

Additional liquidity measure

		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 conversion cycle	days	42.75	42.52	42.72	45.18	50.79	0.00	44.73	40.73	47.53	45.47	37.84	30.32	42.49	39.29	39.01	38.95	40.57	41.04	39.47	38.19

The cash conversion cycle (CCC) is a metric that represents the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales. Lower values of the CCC indicate a more efficient management of working capital.

Analyzing the data provided for Alliant Energy Corp, we observe fluctuations in the CCC over the periods mentioned.

- The CCC was relatively stable around 40 days in the earlier periods and then decreased significantly to 30 days by March 31, 2022, indicating an improvement in the company's efficiency in managing its working capital during that period.
- However, the CCC increased again in subsequent periods, reaching its highest value of 50.79 days by December 31, 2023, which suggests a potential slowdown in the company's cash flow conversion efficiency.
- The significant drop to 0.00 days by September 30, 2023 could potentially be a data anomaly or a reflection of a specific event, leading to an exceptionally short cash conversion cycle that period.
- The CCC then stabilized around the mid-40s range in the most recent periods, reflecting a need for further analysis to understand the driving factors behind these fluctuations.

In conclusion, the CCC for Alliant Energy Corp has shown variability over the periods, with some improvements but also periods of slower cash conversion. Further examination of the company's working capital management and operational efficiency may provide insights into the underlying reasons for these fluctuations.