Otter Tail Corporation

Otter Tail Corporationverified

OTTR

Price:

$78.89

Market Cap:

$3.30B

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc. markets. This segment generates electricity through coal, wind and hydro, and natural gas. It serves approximately 133,000 residential, industrial, and other commercial customers. Its Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed h...[Read more]

Industry

Diversified Utilities

IPO Date

1990-03-26

Stock Exchange

NASDAQ

Ticker

OTTR

The Current Ratio as of September 2024 (TTM) for Otter Tail Corporation (OTTR) is 2.27

According to Otter Tail Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.27. This represents a change of 2.80% compared to the average of 2.20 of the last 4 quarters.

Otter Tail Corporation (OTTR) Historical Current Ratio (quarterly & annually)

How has OTTR Current Ratio performed in the past?

The mean historical Current Ratio of Otter Tail Corporation over the last ten years is 1.22. The current 2.27 Current Ratio has changed 18.51% with respect to the historical average. Over the past ten years (40 quarters), OTTR's Current Ratio was at its highest in in the March 2024 quarter at 2.92. The Current Ratio was at its lowest in in the December 2020 quarter at 0.54.

Quarterly (TTM)
Annual

Average

1.22

Median

1.15

Minimum

0.54

Maximum

1.91

Otter Tail Corporation (OTTR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Otter Tail Corporation 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 = 99.99%

Maximum Annual Current Ratio = 1.91

Minimum Annual Increase = -59.97%

Minimum Annual Current Ratio = 0.54

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.84-3.39%
20221.9199.99%
20210.9577.20%
20200.54-59.97%
20191.34-5.36%
20181.4252.34%
20170.93-3.40%
20160.9626.57%
20150.76-49.96%
20141.5254.49%

Otter Tail Corporation (OTTR) Average Current Ratio

How has OTTR Current Ratio performed in the past?

The current Current Ratio of Otter Tail Corporation (OTTR) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.57

5-year avg

1.32

10-year avg

1.22

Otter Tail Corporation (OTTR) Current Ratio vs. Peers

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

Otter Tail Corporation’s Current Ratio is greater than NorthWestern Corporation (0.52), greater than Avista Corporation (0.88), greater than Black Hills Corporation (1.06), greater than Companhia Paranaense de Energia - COPEL (1.57), greater than ALLETE, Inc. (1.45), greater than Montauk Renewables, Inc. (1.66), greater than The AES Corporation (0.97), greater than The AES Corporation (0.97), greater than Brookfield Infrastructure Partners L.P. (0.81), greater than Brookfield Infrastructure Partners L.P. (0.81), greater than Brookfield Infrastructure Partners L.P. (0.81),

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