Alliant Energy Corp (LNT)
Quick 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 | 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 | — | — | — |
| Receivables | US$ in thousands | 568,000 | 486,000 | 428,000 | 428,000 | 631,000 | 509,000 | 490,000 | 481,000 | 531,000 | 392,000 | 377,000 | 325,000 | 494,000 | 461,000 | 454,700 | 465,300 | 402,100 | 451,500 | 421,500 | 417,900 |
| 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 |
| Quick ratio | 0.27 | 0.36 | 0.23 | 0.31 | 0.28 | 0.35 | 0.22 | 0.71 | 0.53 | 0.26 | 0.55 | 0.59 | 0.42 | 0.87 | 0.54 | 0.32 | 0.20 | 0.31 | 0.30 | 0.27 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($62,000K
+ $—K
+ $568,000K)
÷ $2,304,000K
= 0.27
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets (cash, cash equivalents, and marketable securities) without relying on inventory sales. In the case of Alliant Energy Corp., the quick ratio fluctuated over the past eight quarters, ranging from 0.39 to 0.60.
A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities. Alliant Energy Corp.'s quick ratio has mostly been below 1 over the periods analyzed, suggesting that it may face challenges in meeting its short-term obligations solely with its most liquid assets.
The trend in the quick ratio fluctuates, with some quarters showing improvements (e.g., Q3 2023 and Q2 2022) and others showing declines (e.g., Q4 2022 and Q1 2022). This volatility may indicate varying levels of liquidity risk and operational efficiency for Alliant Energy Corp. It is important for the company to closely monitor its liquidity position and potentially take steps to improve its ability to meet short-term obligations, such as managing working capital more effectively or adjusting financing strategies.
Peer comparison
Dec 31, 2023