Alliant Energy Corp (LNT)

Interest coverage

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,101,000	1,067,000	1,028,000	1,013,000	1,032,000	997,000	979,000	936,000	877,000	843,000	834,000	834,000	842,000	920,000	943,000	922,500	908,600	863,200	826,300	826,600
Interest expense (ttm)	US$ in thousands	394,000	379,000	363,000	345,000	325,000	306,000	291,000	282,000	277,000	274,000	274,000	275,000	275,000	276,000	276,000	275,200	272,500	266,700	262,000	254,100
Interest coverage		2.79	2.82	2.83	2.94	3.18	3.26	3.36	3.32	3.17	3.08	3.04	3.03	3.06	3.33	3.42	3.35	3.33	3.24	3.15	3.25

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $1,101,000K ÷ $394,000K
= 2.79

Alliant Energy Corp.'s interest coverage has been relatively stable over the past eight quarters, ranging from 2.55 to 3.23. The interest coverage ratio indicates the company's ability to meet its interest obligations from its operating income.

The trend shows a slight decline in interest coverage from Q4 2022 to Q1 2023, followed by a gradual increase in subsequent quarters. This suggests that the company's earnings are sufficient to cover its interest expenses, with a higher ratio indicating a stronger ability to meet these obligations.

Overall, Alliant Energy Corp. has maintained a healthy interest coverage ratio above 2, indicating a solid financial position and the ability to comfortably service its debt. It is important to monitor this ratio moving forward to ensure the company continues to generate enough income to cover its interest payments.