IDACORP Inc (IDA)

Quick 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
Cash	US$ in thousands	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	217,254	260,571	239,664	231,342
Short-term investments	US$ in thousands	37,320	30,157	31,617	33,083	34,129	24,979	25,000	22,698	0	0	0	25,000	25,000	25,000	43,666	44,843	0	33,776	34,795	35,668
Receivables	US$ in thousands	221,635	215,967	205,163	171,246	212,257	211,243	184,920	146,067	167,915	174,768	192,874	127,694	146,954	167,365	163,475	121,600	139,983	151,750	156,582	151,377
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
Quick ratio		0.92	1.41	0.79	1.06	0.77	0.97	1.00	1.18	1.18	1.38	1.37	1.50	1.55	1.67	1.49	1.23	0.95	1.53	1.46	1.53

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($327,429K + $37,320K + $221,635K) ÷ $634,076K
= 0.92

The quick ratio of Idacorp, Inc. has displayed significant fluctuations over the past eight quarters. It started Q1 2022 at a relatively lower level of 1.56 and gradually declined to 1.07 by Q4 2022. However, there was a notable improvement in Q1 2023 when the quick ratio increased to 1.63. The ratio then decreased in Q2 2023 to 1.27 before experiencing a substantial surge to 1.81 in Q3 2023. In the most recent quarter, Q4 2023, the quick ratio dropped to 1.33. Overall, the quick ratio of Idacorp, Inc. has shown volatility, indicating varying levels of liquidity and ability to cover short-term obligations with quick assets.