Alliant Energy Corp (LNT)

Solvency ratios

	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
Debt-to-assets ratio	0.39	0.40	0.40	0.40	0.38	0.37	0.36	0.39	0.36	0.37	0.36	0.37	0.38	0.37	0.38	0.35	0.33	0.33	0.34	0.34
Debt-to-capital ratio	0.55	0.56	0.56	0.56	0.55	0.55	0.53	0.55	0.53	0.53	0.53	0.53	0.54	0.54	0.54	0.51	0.52	0.53	0.54	0.53
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
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

Alliant Energy Corp.'s solvency ratios reflect its ability to meet its long-term financial obligations. The Debt-to-assets ratio has remained relatively stable around 0.44 to 0.45 over the past eight quarters, indicating that approximately 44-45% of the company's assets are funded by debt.

The Debt-to-capital ratio has also shown consistency, hovering around 0.57 to 0.59, suggesting that debt accounts for approximately 57-59% of the company's capital structure. The Debt-to-equity ratio has been fluctuating slightly within the range of 1.32 to 1.43, demonstrating that for every dollar of equity, Alliant Energy Corp. has between $1.32 to $1.43 in debt.

The Financial leverage ratio has shown more variability, ranging from 3.10 to 3.23. This ratio indicates that the company's debt is approximately 3 to 3.23 times its equity, highlighting the level of financial risk and leverage in the company's capital structure.

Overall, the solvency ratios of Alliant Energy Corp. suggest that the company maintains a moderate level of debt compared to its assets and capital, with varying degrees of financial leverage over the analyzed quarters. It is important for investors and stakeholders to monitor these ratios to assess the company's ability to manage its debt levels effectively.

Coverage ratios

	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
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

Alliant Energy Corp.'s interest coverage ratio has exhibited a gradual decline over the past eight quarters, starting at 3.22 in Q1 2022 and dropping to 2.55 in Q4 2023. This indicates that the company's ability to cover its interest expenses from its operating profits has weakened over time. Despite the slight fluctuations, the trend suggests a diminishing capacity to meet interest obligations. It would be prudent for stakeholders to closely monitor this trend to ensure the company's financial health and liquidity position.