Ormat Technologies Inc (ORA)

Current 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
Total current assets	US$ in thousands	547,122	537,491	516,995	609,235	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
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
Current ratio		0.91	0.95	0.97	1.12	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $547,122K ÷ $598,078K
= 0.91

The current ratio of Ormat Technologies Inc has shown fluctuations over the period analyzed. The ratio was relatively low in the first half of 2020, gradually increasing to reach a peak of 3.13 by December 31, 2020. This indicates that the company had improved its short-term liquidity position significantly.

However, from March 31, 2021, the current ratio started to decline, indicating a potential decrease in the company's ability to meet its short-term obligations with its current assets. The ratio continued to fluctuate throughout 2021 and 2022, showing a downward trend on average.

By March 31, 2023, the current ratio increased to 2.07, suggesting a temporary improvement in the company's short-term liquidity. Nonetheless, the ratio decreased again in the following quarters, reaching a low of 0.91 by December 31, 2024.

Overall, the current ratio of Ormat Technologies Inc has been volatile, signaling potential challenges in managing its short-term liquidity effectively during the periods analyzed. Investors and stakeholders should carefully monitor this ratio to assess the company's ability to meet its short-term obligations as it continues to fluctuate.