IDACORP Inc (IDA)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,239,360 | 8,475,920 | 7,543,260 | 7,210,520 | 7,095,240 |
| Total stockholders’ equity | US$ in thousands | 3,330,950 | 2,907,570 | 2,807,240 | 2,668,440 | 2,559,980 |
| Financial leverage ratio | 2.77 | 2.92 | 2.69 | 2.70 | 2.77 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,239,360K ÷ $3,330,950K
= 2.77
The financial leverage ratio of IDACORP Inc has shown fluctuations over the past five years. It decreased from 2.77 in December 2020 to 2.70 in December 2021, and further to 2.69 in December 2022. However, there was an increase in the ratio to 2.92 in December 2023, followed by a slight decline to 2.77 by December 2024.
The overall trend indicates that IDACORP Inc's financial leverage has remained relatively stable, with moderate fluctuations observed. A ratio above 1 indicates that the company relies more on debt financing than equity, and IDACORP Inc's ratios fall within this range, suggesting that the company has a moderate level of financial leverage. Further analysis of the company's capital structure and debt management strategies would provide a comprehensive understanding of its leverage position and financial health.
Peer comparison
Dec 31, 2024