Ormat Technologies Inc (ORA)

Cash 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 and cash equivalents	US$ in thousands	94,395	176,775	163,742	298,961	287,770	78,079	275,066	414,856	95,872	154,633	263,425	130,006	239,278	267,802	250,009	376,630	448,252	197,309	173,718	231,149
Short-term investments	US$ in thousands	—	—	1,380	—	—	0	—	—	0	0	0	42,927	43,343	45,479	45,960	27,735	98,217	91,277	—	—
Total current liabilities	US$ in thousands	598,078	566,334	530,732	546,254	537,012	540,034	383,209	390,960	343,910	372,028	353,113	583,991	544,156	534,272	246,229	254,234	248,647	236,303	404,646	567,319
Cash ratio		0.16	0.31	0.31	0.55	0.54	0.14	0.72	1.06	0.28	0.42	0.75	0.30	0.52	0.59	1.20	1.59	2.20	1.22	0.43	0.41

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($94,395K + $—K) ÷ $598,078K
= 0.16

The cash ratio of Ormat Technologies Inc has shown varying levels over the reported periods. The cash ratio provides insight into the company's ability to cover its short-term liabilities using its cash and cash equivalents.

The trend of Ormat's cash ratio indicates fluctuations in its liquidity position. The ratio increased from 0.41 as of March 31, 2020, to a peak of 2.20 as of December 31, 2020, signifying a significant improvement in liquidity. However, the ratio decreased in the subsequent periods, stabilizing at levels around 0.30 to 1.20 from March 31, 2021, to June 30, 2024.

Overall, the cash ratio trend suggests that Ormat Technologies Inc may have experienced fluctuations in its ability to cover its short-term obligations solely based on its cash and cash equivalents. Further analysis considering other liquidity ratios and the company's operating cash flows would provide a more comprehensive assessment of its overall liquidity position.