IDACORP Inc (IDA)

Current 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
Total current assets	US$ in thousands	988,455	1,033,360	814,439	780,281	1,004,050	1,038,150	733,634	990,933	693,653	659,668	693,344	611,898	595,873	678,185	672,979	593,892	642,401	684,771	828,041	472,942
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
Current ratio		1.41	1.70	1.55	1.54	1.58	2.12	1.57	1.86	1.26	1.39	1.54	1.87	1.83	1.98	2.03	2.27	2.23	2.26	1.85	1.91

December 31, 2024 calculation

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

IDACORP Inc's current ratio has shown fluctuations over the period under review. The current ratio measures the company's ability to meet its short-term financial obligations with its current assets. From March 31, 2020, to December 31, 2020, the company maintained a relatively stable current ratio above 2, indicating a strong ability to cover its short-term liabilities with its current assets.

However, starting from June 30, 2021, the current ratio began to decline, dropping to a low of 1.26 by December 31, 2022. This indicates potential liquidity challenges for the company during this period. Subsequently, the current ratio showed some improvement, reaching a high of 2.12 by September 30, 2023, before dropping again to 1.41 by December 31, 2024.

Overall, the trend in the current ratio suggests fluctuations in IDACORP Inc's liquidity position. It is essential for investors and stakeholders to monitor these fluctuations and assess the company's ability to meet its short-term obligations effectively.