Avista Corporation (AVA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 7,941,000 | 7,702,480 | 7,417,350 | 6,853,580 | 6,402,100 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,941,000K
= 0.00
The debt-to-assets ratio of Avista Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during these years, illustrating a strong financial position with a low risk of default. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely funded by equity, which can be seen as a positive sign to investors and creditors due to the lower financial risk associated with a lack of debt obligations. It also suggests that Avista Corporation has the flexibility to pursue growth opportunities without being burdened by significant interest payments.
Peer comparison
Dec 31, 2024