IDACORP Inc (IDA)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.77 | 2.92 | 2.69 | 2.70 | 2.77 |
IDACORP Inc's solvency ratios indicate a very strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have remained at 0.00 throughout the years 2020 to 2024, indicating that the company operates with almost no debt in relation to its total assets, capital, and equity.
The Financial leverage ratio, which measures the company's reliance on debt financing, shows a slight fluctuation from 2.69 in 2022 to 2.92 in 2023, before returning to 2.77 in 2024. Despite this slight variation, the ratio remains at a moderate level, suggesting a balanced approach to financing activities.
Overall, the solvency ratios demonstrate IDACORP Inc's ability to meet its long-term financial obligations comfortably and maintain a strong financial position with minimal reliance on debt. This indicates a stable and secure financial foundation for the company.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 3.24 | 3.48 | 3.56 | 3.63 | 3.40 |
The interest coverage ratio for IDACORP Inc has been relatively stable over the past five years, ranging from 3.24 to 3.63. This indicates that the company's ability to meet its interest obligations with its earnings has remained consistent. A ratio above 1 suggests that the company is generating enough earnings to cover its interest expenses. IDACORP Inc's interest coverage ratios consistently above 3 indicate a healthy financial position with a strong ability to service its debt obligations. However, it is essential to monitor any potential changes in this ratio over time to ensure the company's continued financial stability.