Alliant Energy Corp (LNT)

Financial leverage 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
Total assets	US$ in thousands	21,237,000	20,904,000	20,383,000	20,240,000	20,163,000	20,205,000	19,391,000	18,839,000	18,553,000	18,329,000	17,939,000	17,594,000	17,710,000	17,540,000	17,269,700	16,879,000	16,701,000	16,533,400	16,121,600	15,713,400
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
Financial leverage ratio		3.13	3.11	3.16	3.20	3.21	3.23	3.16	3.10	3.10	3.06	3.08	3.05	3.11	3.07	3.11	3.07	3.21	3.33	3.43	3.36

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 displayed some fluctuations over the past eight quarters, ranging from a low of 3.10 in Q1 2022 to a high of 3.23 in Q3 2022. The ratio measures the company's use of debt to finance its operations and investments. A higher financial leverage ratio indicates a greater reliance on debt funding, potentially increasing financial risk but also potentially leading to higher returns on equity. In the case of Alliant Energy Corp., the ratio has generally remained above 3.0, suggesting a consistent moderate level of leverage in its capital structure throughout the period analyzed. The slight fluctuations in the ratio indicate potential adjustments in the company's debt levels and overall financial strategy during the specified quarters. Investors and analysts may monitor changes in this ratio to assess Alliant Energy Corp.'s financial risk and performance over time.