IDACORP Inc (IDA)

Debt-to-equity ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 3,330,950 2,907,570 2,807,240 2,668,440 2,559,980
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,330,950K
= 0.00

Based on the data provided, IDACORP Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past five years (from December 31, 2020, to December 31, 2024). A debt-to-equity ratio of 0.00 indicates that the company does not have any debt on its balance sheet relative to its equity. This could suggest that IDACORP Inc primarily relies on equity financing rather than debt to fund its operations and investments. Additionally, a low or zero debt-to-equity ratio typically signifies financial stability and lower financial risk for the company.