Alliant Energy Corp (LNT)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.24 | 3.28 | 3.22 | 3.12 | 3.24 | 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 |
Alliant Energy Corp's solvency ratios indicate a strong financial position with consistently low levels of debt in relation to its assets, capital, and equity. The Debt-to-Assets ratio, Debt-to-Capital ratio, and Debt-to-Equity ratio have all been reported as 0.00 from March 2020 to December 2024, suggesting that the company has maintained a debt-free balance sheet during this period.
The Financial Leverage ratio, which measures the extent to which a company is using debt to finance its operations, shows a stable trend starting at 3.07 in March 2020 and peaking at 3.28 in September 2024. While the ratio has slightly increased over time, it remains within a reasonable range, indicating that Alliant Energy Corp has been able to manage its debt levels effectively without compromising its solvency.
Overall, based on these solvency ratios, Alliant Energy Corp appears to be in a healthy financial position with low debt levels relative to its assets and equity, demonstrating a strong ability to meet its financial obligations and maintain financial stability.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.27 | 2.27 | 2.39 | 2.53 | 2.70 | 2.71 | 2.72 | 2.94 | 3.18 | 3.19 | 3.29 | 3.24 | 3.09 | 3.08 | 3.04 | 3.01 | 3.01 | 3.25 | 3.23 | 3.18 |
Interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt. A higher ratio indicates a healthier financial position as the company has sufficient earnings to cover its interest obligations.
Analyzing Alliant Energy Corp's interest coverage ratio over multiple periods from March 31, 2020, to December 31, 2024, reveals a relatively stable trend. The ratio has generally been above 3.00, indicating that the company has consistently generated enough operating income to cover its interest expenses.
The interest coverage ratio peaked at 3.29 on June 30, 2022, suggesting a strong ability to service its debt obligations during that period. However, the ratio experienced a slight decline in subsequent periods, dropping to 2.27 by December 31, 2024. This decline may indicate a potential increase in interest expenses relative to operating income during the latter period.
It is important for stakeholders to monitor the interest coverage ratio over time to ensure that the company remains capable of meeting its interest payments. Overall, Alliant Energy Corp's interest coverage ratio demonstrates a relatively stable financial position with a consistent ability to meet its interest obligations, though fluctuations in the ratio should be further investigated for potential impacts on the company's financial health.