Ormat Technologies Inc (ORA)

Cash 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 and cash equivalents	US$ in thousands	195,808	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	71,173	97,602	110,665	79,366
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	42,927	43,343	45,479	45,960	27,735	98,217	91,277	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	376,476	352,723	276,594	268,090
Cash ratio		0.36	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	0.19	0.28	0.40	0.30

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($195,808K + $—K) ÷ $537,012K
= 0.36

The cash ratio of Ormat Technologies Inc has fluctuated over the past eight quarters, with values ranging from 0.25 to 1.18. The cash ratio measures the company's ability to cover its short-term liabilities exclusively with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on additional financing or asset liquidation.

In the most recent quarter, Q4 2023, Ormat Technologies Inc had a cash ratio of 0.44, which means that the company had $0.44 in cash and cash equivalents for every dollar of short-term liabilities. This suggests that the company may have some room for improvement in terms of liquidity compared to Q1 2023 when the cash ratio was 1.18, indicating a healthier liquidity position.

Overall, Ormat Technologies Inc's cash ratio has shown variability, indicating potential fluctuations in its ability to meet short-term obligations solely through cash resources. It is important for investors and analysts to monitor these trends to assess the company's liquidity and financial health.