IDACORP Inc (IDA)
Cash 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 and cash equivalents | US$ in thousands | 368,865 | 427,950 | 169,559 | 157,583 | 327,429 | 445,489 | 134,779 | 357,823 | 177,577 | 226,229 | 237,886 | 218,550 | 215,243 | 299,672 | 259,965 | 240,007 | 275,116 | 312,018 | 460,365 | 138,871 |
| Short-term investments | US$ in thousands | — | -42 | — | — | — | — | — | — | 2,618,260 | — | 25,000 | -2,517 | 0 | 75,162 | 85,060 | 25,000 | 25,000 | 25,000 | — | — |
| Total current liabilities | US$ in thousands | 700,801 | 606,184 | 525,632 | 505,376 | 634,076 | 488,930 | 468,338 | 532,570 | 548,565 | 475,422 | 448,980 | 327,578 | 325,624 | 342,780 | 331,141 | 261,872 | 287,571 | 302,771 | 447,168 | 247,854 |
| Cash ratio | 0.53 | 0.71 | 0.32 | 0.31 | 0.52 | 0.91 | 0.29 | 0.67 | 5.10 | 0.48 | 0.59 | 0.66 | 0.66 | 1.09 | 1.04 | 1.01 | 1.04 | 1.11 | 1.03 | 0.56 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($368,865K
+ $—K)
÷ $700,801K
= 0.53
The cash ratio of IDACORP Inc has shown some fluctuations over the years based on the provided data. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to June 30, 2021, the cash ratio consistently improved from 0.56 to 1.04, indicating a stronger liquidity position. However, there was a slight decline at the end of 2021 with a ratio of 0.66.
Significant volatility is observed from December 31, 2021, to September 30, 2022, where the cash ratio spiked to 5.10, suggesting a substantial increase in cash reserves compared to short-term liabilities. This anomaly could be due to various factors such as asset sales, debt restructuring, or other significant financial events.
Subsequently, the ratio decreased sharply from March 31, 2022, to June 30, 2024, ranging from 0.29 to 0.71, indicating a potential decrease in the company's ability to cover short-term obligations with cash on hand.
Overall, while the cash ratio of IDACORP Inc has shown variability, further analysis would be required to fully understand the reasons behind these fluctuations and assess the company's liquidity adequacy effectively.
Peer comparison
Dec 31, 2024