IDACORP Inc (IDA)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	2,775,790	2,194,140	2,000,640	2,000,410	1,736,660
Total assets	US$ in thousands	8,475,920	7,543,260	7,210,520	7,095,240	6,641,200
Debt-to-assets ratio		0.33	0.29	0.28	0.28	0.26

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,775,790K ÷ $8,475,920K
= 0.33

The debt-to-assets ratio of Idacorp, Inc. has shown a slight increasing trend over the past five years, rising from 0.28 in 2019 to 0.33 in 2023. This indicates that the company's level of debt in relation to its assets has been gradually increasing over this period.

A debt-to-assets ratio of 0.33 as of December 31, 2023, suggests that approximately 33% of Idacorp's total assets are financed by debt. This indicates that the company relies moderately on debt to fund its operations and investments.

Overall, the trend in the debt-to-assets ratio of Idacorp, Inc. implies a gradual but relatively stable increase in the company's debt levels compared to its asset base. It is important for stakeholders to monitor this ratio to assess the company's financial leverage and risk management strategy.