Avista Corporation (AVA)

Current 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
Total current assets	US$ in thousands	661,842	547,220	526,939	655,700	721,802	463,604	416,961	596,076	434,473	356,275	361,954	350,082	343,977	299,662	352,507	274,238	305,129	247,646	269,767	364,803
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
Current ratio		0.85	0.94	0.97	1.08	0.75	0.68	0.75	0.93	0.48	0.45	0.41	0.71	0.68	0.63	0.54	0.48	0.57	0.62	0.52	0.64

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 fluctuated over the past eight quarters, ranging from a low of 0.68 in Q3 2022 to a high of 1.08 in Q1 2023. Generally, a current ratio below 1 indicates that a company may have difficulty meeting its short-term obligations with its current assets.

Avista Corp.'s current ratio has shown some improvement recently, with the ratio increasing from 0.85 in Q4 2023 to 0.97 in Q2 2023. This suggests that the company's current assets are increasing relative to its current liabilities, which is a positive sign for its short-term liquidity position.

However, it is important to note that the company's current ratio dipped below 1 in Q4 2022 and Q3 2022, indicating potential liquidity challenges during those quarters. Overall, Avista Corp. should continue to monitor and manage its current assets and liabilities to ensure it can meet its short-term financial obligations effectively.