IDACORP Inc (IDA)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	988,455	1,004,050	693,653	595,873	642,401
Total current liabilities	US$ in thousands	700,801	634,076	548,565	325,624	287,571
Current ratio		1.41	1.58	1.26	1.83	2.23

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $988,455K ÷ $700,801K
= 1.41

Based on the provided data, the current ratio of IDACORP Inc has fluctuated over the past five years. The current ratio measures a company's ability to meet its short-term liabilities with its short-term assets.

As of December 31, 2020, IDACORP Inc's current ratio was 2.23, indicating that the company had $2.23 in current assets for every $1 in current liabilities. This suggests that the company was in a strong position to cover its short-term obligations at that time.

However, the current ratio decreased to 1.83 by December 31, 2021. This could indicate a slight decline in the company's ability to cover its short-term liabilities with its current assets compared to the previous year.

By December 31, 2022, the current ratio dropped further to 1.26, signaling a potential liquidity challenge as the company may have had fewer resources to meet its short-term obligations.

The ratio improved to 1.58 by December 31, 2023, suggesting a slight recovery in the company's liquidity position, but still below the levels seen in 2020.

By December 31, 2024, the current ratio decreased again to 1.41, which may indicate that IDACORP Inc continued to face challenges in efficiently managing its short-term assets and liabilities.

Overall, the downward trend in IDACORP Inc's current ratio over the past five years highlights the importance of closely monitoring the company's liquidity position to ensure it can meet its short-term financial obligations effectively.