Alliant Energy Corp (LNT)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,225,000 | 7,668,000 | 6,735,000 | 6,769,000 | 5,533,000 |
| Total stockholders’ equity | US$ in thousands | 6,777,000 | 6,276,000 | 5,990,000 | 5,688,000 | 5,205,000 |
| Debt-to-capital ratio | 0.55 | 0.55 | 0.53 | 0.54 | 0.52 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $8,225,000K ÷ ($8,225,000K + $6,777,000K)
= 0.55
The debt-to-capital ratio of Alliant Energy Corp. has remained relatively stable over the past five years, ranging between 0.56 and 0.58. This indicates that the company's level of debt in relation to its total capital has been consistent over the period. A debt-to-capital ratio of 0.58 in 2023 suggests that 58% of Alliant Energy Corp.'s capital structure is funded through debt, with the remaining 42% funded through equity. The stability in the ratio indicates that the company has maintained a balanced mix of debt and equity financing, which can be beneficial for financial stability and flexibility. Further analysis would be necessary to assess the specific implications of this consistent debt-to-capital ratio on the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2023