Ormat Technologies Inc (ORA)

Current 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
Total current assets	US$ in thousands	646,003	515,657	685,981	810,987	456,717	474,975	585,608	507,989	601,932	635,439	587,989	724,935	779,154	532,591	517,069	584,286	415,664	432,310	412,351	421,621
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
Current ratio		1.20	0.95	1.79	2.07	1.33	1.28	1.66	0.87	1.11	1.19	2.39	2.85	3.13	2.25	1.28	1.03	1.10	1.23	1.49	1.57

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $646,003K ÷ $537,012K
= 1.20

Ormat Technologies Inc's current ratio has shown fluctuation over the past 8 quarters. In Q1 2022, the company had a relatively low current ratio of 0.87, indicating a potential liquidity concern. However, the ratio improved in Q2 and Q3 2022 to 1.66 and 1.28, respectively.

During Q4 2022 and Q1 2023, the current ratio continued to increase significantly, reaching 1.33 and 2.07, respectively, indicating a strong ability to cover its short-term liabilities with current assets.

However, in Q2 2023, the ratio rose substantially to 1.79 before dropping slightly to 0.95 in Q3 2023. The most recent data in Q4 2023 shows a current ratio of 1.20, which is still above 1 but lower than the peak in Q1 2023.

Overall, Ormat Technologies Inc's current ratio has displayed variability, with fluctuations in the company's ability to meet its short-term obligations with its current assets. While the ratio has shown improvement over some quarters, it is important to closely monitor future trends to assess the company's liquidity position effectively.