IDACORP Inc (IDA)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 368,865 | 327,429 | 177,577 | 215,243 | 275,116 |
| Short-term investments | US$ in thousands | — | -17 | 2,618,260 | 0 | 25,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 700,801 | 634,076 | 548,565 | 325,624 | 287,571 |
| Quick ratio | 0.53 | 0.52 | 5.10 | 0.66 | 1.04 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($368,865K
+ $—K
+ $—K)
÷ $700,801K
= 0.53
The quick ratio of IDACORP Inc has displayed varying trends over the years. As of December 31, 2020, the quick ratio stood at 1.04, indicating the company had just enough liquid assets to cover its current liabilities. By December 31, 2021, the quick ratio decreased to 0.66, suggesting a potential difficulty in meeting short-term obligations with its most liquid assets.
However, there was a significant improvement in the quick ratio to 5.10 by December 31, 2022, signifying a strong liquidity position and the ability to easily cover current liabilities. Subsequently, by December 31, 2023, the quick ratio dropped to 0.52, indicating a potential strain on liquidity and the company's ability to cover immediate obligations.
As of December 31, 2024, the quick ratio slightly increased to 0.53. Overall, fluctuations in the quick ratio of IDACORP Inc over the years reflect varying levels of liquidity and the company's ability to meet its short-term financial obligations with its readily available liquid assets.
Peer comparison
Dec 31, 2024