Avista Corporation (AVA)

Cash ratio

		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
Cash and cash equivalents	US$ in thousands	35,003	8,630	15,704	10,596	13,428	14,363	21,619	203,598	22,168	19,224	39,027	21,647	14,196	84,747	116,394	18,919	9,896	14,454	17,231	14,861
Short-term investments	US$ in thousands	153,350	154,873	149,675	150,681	147,809	113,390	111,957	92,795	91,057	83,496	69,921	61,132	59,318	—	—	—	51,258	—	—	—
Total current liabilities	US$ in thousands	775,205	583,464	541,163	604,587	964,534	685,200	553,401	641,925	913,106	799,186	891,909	492,799	505,879	474,839	656,562	565,806	530,713	399,185	516,735	566,642
Cash ratio		0.24	0.28	0.31	0.27	0.17	0.19	0.24	0.46	0.12	0.13	0.12	0.17	0.15	0.18	0.18	0.03	0.12	0.04	0.03	0.03

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($35,003K + $153,350K) ÷ $775,205K
= 0.24

The cash ratio of Avista Corp. has shown some fluctuations over the past eight quarters. The cash ratio ranged from a low of 0.21 in Q2 2022 to a high of 0.51 in Q1 2023.

A cash ratio of 0.33 in Q4 2023 indicates that, for every dollar of current liabilities, Avista Corp. has $0.33 in cash or cash equivalents on hand to cover its short-term obligations. This suggests that the company may have some liquidity challenges, as a higher cash ratio is generally preferred to ensure the company can meet its short-term obligations comfortably.

Overall, the trend in the cash ratio has been mixed, with some quarters showing stronger liquidity positions than others. It would be important for Avista Corp. to closely monitor its cash position and potentially consider strategies to improve its liquidity in the future.