Alliant Energy Corp (LNT)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($81,000K
+ $276,000K
+ $—K)
÷ $2,715,000K
= 0.13
The quick ratio of Alliant Energy Corp has shown fluctuating trends over the past few years based on the provided data. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, was extremely low at 0.03 as of March 31, 2020, indicating a potential liquidity issue.
Subsequently, the quick ratio improved significantly to 0.52 by September 30, 2020, suggesting a better ability to cover short-term liabilities with quick assets. However, the ratio dropped to 0.04 by December 31, 2020, before rebounding to 0.36 by March 31, 2021. This improvement was followed by a slight decline to 0.32 by June 30, 2021.
The quick ratio then experienced a sharp decline to 0.01 by September 30, 2021, signaling potential liquidity challenges. The ratio improved to 0.27 by December 31, 2021, and further increased to 0.39 by March 31, 2022. Subsequently, the ratio dropped to 0.01 by June 30, 2022, before recovering to 0.14 by September 30, 2022.
The quick ratio continued to fluctuate between 0.01 and 0.11 for the rest of 2023, indicating ongoing variability in the company's ability to cover short-term obligations with its quick assets. By the end of December 31, 2024, the quick ratio stood at 0.13, showing some improvement compared to the lows observed in the previous periods.
Overall, the quick ratio analysis suggests that Alliant Energy Corp has experienced fluctuations in its liquidity position over the analyzed period, with periods of both strength and weakness in its ability to meet short-term obligations using its liquid assets. It will be essential for the company to closely monitor and manage its liquidity position to ensure financial stability and meet its short-term financial commitments effectively.
Peer comparison
Dec 31, 2024