IDACORP Inc (IDA)
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 | 9,239,360 | 8,475,920 | 7,543,260 | 7,210,520 | 7,095,240 |
| 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 ÷ $9,239,360K
= 0.00
Based on the data provided, IDACORP Inc's debt-to-assets ratio has consistently been 0.00 for the years 2020 to 2024. This indicates that the company has not had any debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 generally implies that the company's assets are predominantly funded by equity rather than debt, which could be a positive indicator of financial strength and stability. However, it is important to note that a low or zero debt-to-assets ratio may also suggest limited leveraging for potential growth opportunities. Further analysis of the company's capital structure and financial strategy would be necessary to fully understand the implications of this ratio.
Peer comparison
Dec 31, 2024