IDACORP Inc (IDA)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,004,050	693,653	595,873	642,401	565,146
Total current liabilities	US$ in thousands	634,076	548,565	325,624	287,571	374,859
Current ratio		1.58	1.26	1.83	2.23	1.51

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,004,050K ÷ $634,076K
= 1.58

The current ratio of Idacorp, Inc. has fluctuated over the past five years, with a noticeable decline in 2022 and a subsequent increase in 2023. The current ratio indicates the company's ability to meet its short-term liabilities with its current assets. A current ratio greater than 1 means the company has more current assets than current liabilities.

In 2023, Idacorp, Inc. had a current ratio of 1.58, indicating that for every $1 of current liabilities, the company had $1.58 of current assets available. This suggests that the company had sufficient current assets to cover its short-term obligations.

The decrease in the current ratio in 2022 to 1.26 may suggest potential liquidity concerns as the company may have had fewer current assets relative to its current liabilities. However, the subsequent increase in 2023 to 1.58 indicates an improvement in the company's short-term liquidity position.

Overall, while the current ratio has fluctuated over the years, it currently stands at a healthy level in 2023, reflecting a favorable ability to meet short-term obligations with current assets.