Avista Corporation (AVA)

Debt-to-assets 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
Long-term debt	US$ in thousands	1,100,000	1,100,000	1,107,000	2,530,010	2,281,010	2,280,800	2,287,610	2,294,180	1,898,370	1,898,240	1,758,960	2,008,740	2,008,530	2,009,300	1,844,160	963,500	1,843,770	1,053,500	1,053,500	1,053,500
Total assets	US$ in thousands	7,702,480	7,470,030	7,371,320	7,393,930	7,417,350	7,055,800	6,937,710	7,036,010	6,853,580	6,731,480	6,646,300	6,399,500	6,402,100	6,283,130	6,302,620	6,174,000	6,082,460	5,964,780	5,877,930	5,889,980
Debt-to-assets ratio		0.14	0.15	0.15	0.34	0.31	0.32	0.33	0.33	0.28	0.28	0.26	0.31	0.31	0.32	0.29	0.16	0.30	0.18	0.18	0.18

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,100,000K ÷ $7,702,480K
= 0.14

The debt-to-assets ratio of Avista Corp. has been relatively stable over the past eight quarters, ranging from 0.37 to 0.39. This ratio indicates that, on average, around 37% to 39% of the company's total assets are financed by debt.

A ratio of around 0.38 suggests that Avista Corp. has a moderate level of leverage, with a significant portion of its assets funded through debt. This could imply that the company has a consistent debt strategy in place to support its operations and growth initiatives.

Overall, the slight fluctuations in the debt-to-assets ratio over the quarters do not show a significant cause for concern, as the company has maintained a relatively stable level of debt relative to its assets. However, it is important for investors and analysts to continue monitoring this ratio along with other financial metrics to assess Avista Corp.'s financial health and risk profile.