Avista Corporation (AVA)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	661,842	721,802	434,473	343,977	305,129
Total current liabilities	US$ in thousands	775,205	964,534	913,106	505,879	530,713
Current ratio		0.85	0.75	0.48	0.68	0.57

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $661,842K ÷ $775,205K
= 0.85

The current ratio of Avista Corp. has shown fluctuations over the past five years. The ratio has improved from 0.57 in 2019 to 0.85 in 2023, indicating a stronger ability to meet its short-term obligations with its current assets. However, it is still below the ideal ratio of 1, which may suggest potential liquidity concerns. Despite the improvements, the company should continue to monitor and manage its current assets and liabilities effectively to achieve a more stable current ratio in the future.