Avista Corporation (AVA)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 30,000 | 35,003 | 13,428 | 22,168 | 14,196 |
| Short-term investments | US$ in thousands | — | 3,667 | 8,536 | — | — |
| Total current liabilities | US$ in thousands | 771,000 | 775,205 | 964,534 | 913,106 | 505,879 |
| Cash ratio | 0.04 | 0.05 | 0.02 | 0.02 | 0.03 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($30,000K
+ $—K)
÷ $771,000K
= 0.04
The cash ratio of Avista Corporation has exhibited fluctuations over the years based on the provided data. From December 31, 2020, to December 31, 2021, the cash ratio decreased slightly from 0.03 to 0.02, indicating a lower level of cash and cash equivalents relative to current liabilities. This trend continued into December 31, 2022, where the cash ratio remained at 0.02 before experiencing a notable increase to 0.05 by December 31, 2023. This surge suggests an improved liquidity position with a higher proportion of liquid assets available to cover short-term obligations. However, by December 31, 2024, the cash ratio declined to 0.04, although it still indicates a relatively healthy liquidity position overall. It is essential for Avista Corporation to continue monitoring its cash holdings to ensure adequate liquidity to meet its financial obligations efficiently.
Peer comparison
Dec 31, 2024