Alliant Energy Corp (LNT)
Debt-to-equity 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-equity ratio | 1.21 | 1.25 | 1.27 | 1.29 | 1.22 | 1.21 | 1.14 | 1.21 | 1.12 | 1.12 | 1.11 | 1.12 | 1.19 | 1.15 | 1.18 | 1.06 | 1.06 | 1.11 | 1.16 | 1.15 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $8,225,000K ÷ $6,777,000K
= 1.21
The debt-to-equity ratio for Alliant Energy Corp. has been relatively stable over the past eight quarters, ranging from 1.32 to 1.43. The gradual increase from 1.32 in Q2 2022 to 1.43 in Q1 2023 indicates a slight shift towards a higher level of debt in relation to equity. Overall, the debt-to-equity ratio values suggest that Alliant Energy Corp. has been relying more on debt financing compared to equity financing in recent quarters. It would be important to further analyze the company's financial health and ability to service its debt obligations in the context of these ratios.
Peer comparison
Dec 31, 2023