Avista Corporation (AVA)

Quick ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash	US$ in thousands	30,000	9,124	14,647	12,274	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
Short-term investments	US$ in thousands	—	—	—	—	3,667	223,797	220,586	212,166	8,536	—	—	—	—	—	—	1,743	—	—	—	—
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	771,000	700,155	624,766	580,280	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
Quick ratio		0.04	0.01	0.02	0.02	0.05	0.40	0.44	0.37	0.02	0.02	0.04	0.32	0.02	0.02	0.04	0.05	0.03	0.18	0.18	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 indicates its ability to meet its short-term obligations using its most liquid assets. The quick ratio has fluctuated over the periods provided, with a low of 0.01 on September 30, 2024, and a high of 0.44 on June 30, 2023.

A quick ratio below 1 suggests that the company may have difficulty meeting its short-term obligations if they all came due at once. Avista Corporation's quick ratio has generally been below 1, indicating potential liquidity challenges.

The significant variability in the quick ratio over the periods may suggest fluctuations in Avista Corporation's liquidity position and ability to cover its short-term liabilities with its current assets. The company should carefully monitor its quick ratio to ensure it remains at a level that allows for financial stability and the ability to meet its short-term obligations.