IDACORP Inc (IDA)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	9,239,360	9,105,120	8,677,130	8,347,410	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
Total stockholders’ equity	US$ in thousands	3,330,950	3,269,740	3,196,310	2,915,140	2,907,570	2,920,890	2,853,760	2,823,060	2,807,240	2,778,300	2,706,810	2,677,510	2,668,440	2,670,610	2,606,410	2,569,420	2,559,980	2,565,990	2,495,800	2,467,380
Financial leverage ratio		2.77	2.78	2.71	2.86	2.92	2.84	2.75	2.79	2.69	2.71	2.75	2.72	2.70	2.72	2.76	2.75	2.77	2.70	2.81	2.68

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,239,360K ÷ $3,330,950K
= 2.77

IDACORP Inc's financial leverage ratio has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio ranged from a low of 2.68 on March 31, 2020, to a high of 2.92 on December 31, 2023. Generally, the financial leverage ratio stayed within a relatively narrow range, indicating that the company maintained a moderate level of leverage in its capital structure.

The ratio peaked in December 2023 at 2.92, which suggests that IDACORP Inc had a higher level of financial leverage at that point. However, by June 30, 2024, the ratio decreased to 2.71, indicating a reduction in leverage. This fluctuation could be attributed to changes in the company's debt levels or equity structure over time.

Overall, a financial leverage ratio between 2.68 and 2.92 over the period indicates that IDACORP Inc has maintained a stable capital structure with a moderate level of debt relative to equity. It is important for investors and analysts to monitor this ratio to assess the company's risk profile and financial health.