Avista Corporation (AVA)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	2,485,320	2,409,890	2,400,420	2,385,310	2,334,670	2,234,850	2,237,490	2,233,300	2,154,740	2,101,640	2,069,970	2,068,590	2,029,730	1,982,850	1,975,040	1,959,100	1,939,280	1,893,570	1,884,030	1,867,310
Debt-to-equity ratio		0.44	0.46	0.46	1.06	0.98	1.02	1.02	1.03	0.88	0.90	0.85	0.97	0.99	1.01	0.93	0.49	0.95	0.56	0.56	0.56

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,100,000K ÷ $2,485,320K
= 0.44

The debt-to-equity ratio of Avista Corp. has shown some fluctuations over the past eight quarters. It ranged from 1.14 to 1.22 during this period. The trend indicates that the company has maintained a relatively high level of debt compared to equity, with the ratio consistently above 1.0. This suggests that Avista Corp. relies more on debt financing than equity financing to support its operations and growth.

The slight variations in the debt-to-equity ratio over the quarters may indicate changes in the company's capital structure or financial leverage. A ratio above 1.0 typically indicates that the company has more debt than equity in its capital structure, which can imply higher financial risk and potential for volatility in earnings and cash flows.

It is essential for investors and stakeholders to monitor Avista Corp.'s debt levels and evaluate the company's ability to manage its debt obligations effectively while maintaining a healthy balance sheet. High debt levels may increase the company's vulnerability to economic downturns or interest rate changes, impacting its overall financial health and performance.