Alliant Energy Corp (LNT)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 21,237,000 | 20,163,000 | 18,553,000 | 17,710,000 | 16,701,000 |
| Total stockholders’ equity | US$ in thousands | 6,777,000 | 6,276,000 | 5,990,000 | 5,688,000 | 5,205,000 |
| Financial leverage ratio | 3.13 | 3.21 | 3.10 | 3.11 | 3.21 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $21,237,000K ÷ $6,777,000K
= 3.13
The financial leverage ratio of Alliant Energy Corp. has fluctuated slightly over the past five years. The ratio was at its lowest in 2021 at 3.10, increased to 3.21 in 2022, and then decreased to 3.13 in 2023. This ratio indicates that the company relies more on debt financing compared to equity to fund its operations and investments. Alliant Energy Corp. has maintained a relatively stable level of financial leverage over the years, which suggests a consistent approach to capital structure management. However, ongoing monitoring of this ratio is essential to ensure the company's financial stability and risk management.
Peer comparison
Dec 31, 2023