IDACORP Inc (IDA)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 368,865 | 427,950 | 169,559 | 157,583 | 327,429 | 445,489 | 134,779 | 357,823 | 177,577 | 226,229 | 237,886 | 218,550 | 215,243 | 299,672 | 259,965 | 240,007 | 275,116 | 312,018 | 460,365 | 138,871 |
| Short-term investments | US$ in thousands | — | -42 | — | — | — | — | — | — | 2,618,260 | — | 25,000 | -2,517 | 0 | 75,162 | 85,060 | 25,000 | 25,000 | 25,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.53 | 0.71 | 0.32 | 0.31 | 0.52 | 0.91 | 0.29 | 0.67 | 5.10 | 0.48 | 0.59 | 0.66 | 0.66 | 1.09 | 1.04 | 1.01 | 1.04 | 1.11 | 1.03 | 0.56 |
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 shown fluctuations over the past few years, ranging from as low as 0.29 to as high as 5.10. The quick ratio provides insight into the company's ability to meet its short-term obligations with its most liquid assets.
A quick ratio below 1.0 indicates that the company may have difficulty meeting its short-term obligations, as its current assets may not be sufficient to cover current liabilities without relying on inventory.
During the period under review, the quick ratio generally stayed above 1.0, indicating that IDACORP Inc had an acceptable level of liquidity and was able to meet its short-term financial obligations comfortably. However, there were a few quarters where the quick ratio fell below 1.0, suggesting a potential liquidity strain during those periods.
It is essential for stakeholders to monitor the quick ratio closely to assess the company's ability to manage its short-term liquidity effectively and ensure financial stability. The significant fluctuations in the quick ratio highlight the importance of understanding the company's liquidity position and its ability to withstand any potential liquidity challenges.
Peer comparison
Dec 31, 2024