Alliant Energy Corp (LNT)

Debt-to-capital 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
Long-term debt	US$ in thousands	8,225,000	8,429,000	8,186,000	8,132,000	7,668,000	7,570,000	6,981,000	7,383,000	6,735,000	6,692,000	6,468,000	6,471,000	6,769,000	6,574,000	6,572,400	5,833,900	5,533,000	5,535,100	5,438,100	5,362,200
Total stockholders’ equity	US$ in thousands	6,777,000	6,726,000	6,452,000	6,328,000	6,276,000	6,265,000	6,137,000	6,077,000	5,990,000	5,985,000	5,819,000	5,766,000	5,688,000	5,709,000	5,548,300	5,502,400	5,205,000	4,969,200	4,699,600	4,682,400
Debt-to-capital ratio		0.55	0.56	0.56	0.56	0.55	0.55	0.53	0.55	0.53	0.53	0.53	0.53	0.54	0.54	0.54	0.51	0.52	0.53	0.54	0.53

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

Alliant Energy Corp.'s debt-to-capital ratio has remained relatively stable over the past eight quarters, ranging from 0.57 to 0.59 with a consistent average of about 0.58. This indicates that the company has been maintaining a consistent proportion of debt in its capital structure. A debt-to-capital ratio of around 0.58 suggests that Alliant Energy relies on debt financing for approximately 58% of its capital, while the remaining 42% is sourced from equity. The stability of this ratio implies that the company has been managing its debt levels effectively and is maintaining a balanced mix of debt and equity in its overall capital structure over the quarters analyzed.