Debt-to-Equity Ratio

Alliant Energy’s Debt-to-Equity (D/E) ratio of 1.60x means the company uses $1.60 of debt for every $1.00 of shareholders’ equity — a measure of financial leverage that indicates greater reliance on borrowed funds.

This figure is above the utilities sector median of 1.47x, placing Alliant in the 73rd percentile among peers, meaning it has higher debt relative to equity than about 73% of comparable companies. Year-over-year change is not available, but the quarter-over-quarter change is +3100.0%, reflecting a massive jump from 0.05x to 1.60x; the prior quarter’s near-zero leverage was unusual, and this quarter’s level is more typical for a regulated utility. Combining a D/E ratio slightly above the sector median with a sharp single-quarter spike suggests the company recently took on substantial debt, increasing financial risk compared to its own recent history. This elevated leverage, while not extreme relative to peers, introduces additional sensitivity to interest rates and earnings stability. The metric supports the NEUTRAL verdict because the current D/E is close to the sector norm, but the abrupt rise warrants caution that balances the overall assessment.

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