Ormat Technologies, Inc.

Ormat Technologies, Inc.verified

ORA

Price:

$80.74

Market Cap:

$4.88B

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators; and provi...[Read more]

Industry

Renewable Utilities

IPO Date

2004-11-11

Stock Exchange

NYSE

Ticker

ORA

The Current Ratio as of November 2024 (TTM) for Ormat Technologies, Inc. (ORA) is 0.95

According to Ormat Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.95. This represents a change of -10.50% compared to the average of 1.06 of the last 4 quarters.

Ormat Technologies, Inc. (ORA) Historical Current Ratio (quarterly & annually)

How has ORA Current Ratio performed in the past?

The mean historical Current Ratio of Ormat Technologies, Inc. over the last ten years is 1.61. The current 0.95 Current Ratio has changed 5.78% with respect to the historical average. Over the past ten years (40 quarters), ORA's Current Ratio was at its highest in in the December 2020 quarter at 3.13. The Current Ratio was at its lowest in in the March 2022 quarter at 0.87.

Quarterly (TTM)
Annual

Average

1.61

Median

1.32

Minimum

1.10

Maximum

3.13

Ormat Technologies, Inc. (ORA) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ormat Technologies, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 183.81%

Maximum Annual Current Ratio = 3.13

Minimum Annual Increase = -64.70%

Minimum Annual Current Ratio = 1.10

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.20-9.42%
20221.3320.05%
20211.11-64.70%
20203.13183.81%
20191.10-15.53%
20181.3115.14%
20171.14-54.56%
20162.5025.54%
20151.9949.51%
20141.33-14.28%

Ormat Technologies, Inc. (ORA) Average Current Ratio

How has ORA Current Ratio performed in the past?

The current Current Ratio of Ormat Technologies, Inc. (ORA) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.21

5-year avg

1.57

10-year avg

1.61

Ormat Technologies, Inc. (ORA) Current Ratio vs. Peers

How is ORA’s Current Ratio compared to its peers?

Ormat Technologies, Inc.’s Current Ratio is greater than Altus Power, Inc. (0.60), greater than Azure Power Global Limited (0.50), greater than Enlight Renewable Energy Ltd (0.53), less than Fluence Energy, Inc. (1.34), less than Atlantica Sustainable Infrastructure plc (1.25), less than Clearway Energy, Inc. (1.59), greater than Brookfield Renewable Corporation (0.34), less than NextEra Energy Partners, LP (2.02), greater than Brookfield Renewable Partners L.P. (0.73), less than Clearway Energy, Inc. (1.59), greater than ReNew Energy Global Plc (0.65), greater than Ellomay Capital Ltd. (0.87), less than Excelerate Energy, Inc. (4.12), greater than Heliogen, Inc. (0.46),

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