Avista Corporation (AVA)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 30,000 | 35,003 | 13,428 | 22,168 | 14,196 |
| Short-term investments | US$ in thousands | — | 3,667 | 8,536 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 771,000 | 775,205 | 964,534 | 913,106 | 505,879 |
| Quick ratio | 0.04 | 0.05 | 0.02 | 0.02 | 0.03 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($30,000K
+ $—K
+ $—K)
÷ $771,000K
= 0.04
The quick ratio of Avista Corporation has fluctuated over the past five years, ranging from 0.02 to 0.05. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities with its current assets. Avista Corporation's quick ratio has generally been low, indicating a potential liquidity risk. However, the slight improvement in the quick ratio from 2022 to 2024 may suggest a better ability to cover short-term liabilities with liquid assets. It is essential for Avista Corporation to monitor and manage its liquidity position effectively to ensure financial stability and meet its obligations in a timely manner.
Peer comparison
Dec 31, 2024