IDACORP Inc (IDA)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	565,146	604,165	599,453	576,292
Total current liabilities	US$ in thousands	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	374,859	291,082	295,582	273,466
Current ratio		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	1.51	2.08	2.03	2.11

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 shown some fluctuation over the past eight quarters. It ranged from a low of 1.26 in Q4 2022 to a high of 2.12 in Q3 2023, indicating variability in the company's ability to cover its short-term liabilities with its current assets. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting good liquidity.

However, the current ratio dropped significantly from Q3 2023 to Q4 2023, going from 2.12 to 1.58. This may raise concerns about the company's short-term liquidity position, as the current assets may not be sufficient to cover current liabilities as effectively as in the previous quarter. Idacorp, Inc. should closely monitor its current ratio and take appropriate steps to manage its liquidity position going forward.