IDACORP Inc (IDA)

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	2,775,790	2,826,150	2,482,350	2,483,050	2,194,140	2,071,400	2,075,700	2,050,630	2,000,640	2,000,580	2,000,530	2,000,470	2,000,410	2,000,360	2,000,460	1,837,010	1,736,660	1,836,400	1,835,520	1,835,160
Total assets	US$ in thousands	8,475,920	8,293,530	7,839,070	7,878,890	7,543,260	7,523,940	7,452,100	7,284,560	7,210,520	7,254,050	7,201,460	7,078,300	7,095,240	6,930,160	7,020,530	6,609,950	6,641,200	6,502,320	6,460,850	6,387,820
Debt-to-assets ratio		0.33	0.34	0.32	0.32	0.29	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.28	0.29	0.28	0.28	0.26	0.28	0.28	0.29

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 been relatively stable over the past eight quarters, ranging between 0.29 and 0.34. This ratio indicates the proportion of the company's assets financed by debt.

Idacorp's debt-to-assets ratio has generally been below 0.30, suggesting that the company relies more on equity financing rather than debt to support its operations and investments. A lower ratio typically indicates lower financial risk and better financial health.

The slight fluctuations in the ratio within the range of 0.29 to 0.34 may indicate varying levels of debt relative to the company's total assets over the quarters. However, the consistency in staying below 0.30 indicates a prudent approach to managing debt levels and maintaining a healthy balance sheet.

Overall, Idacorp, Inc.'s debt-to-assets ratio suggests a conservative capital structure with a focus on maintaining a strong financial position by keeping debt at manageable levels in relation to its assets.