IDACORP Inc (IDA)

Interest coverage

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	313,477	333,465	335,401	334,613	327,178	322,344	318,312	329,210	329,651	342,532	354,884	352,529	353,542	354,631	344,695	336,938	343,835	329,549	330,876	338,945
Interest expense (ttm)	US$ in thousands	116,457	106,926	99,643	93,369	89,373	87,803	86,771	86,646	86,697	86,679	87,132	88,231	87,425	86,418	85,821	85,202	86,475	87,666	87,931	86,791
Interest coverage		2.69	3.12	3.37	3.58	3.66	3.67	3.67	3.80	3.80	3.95	4.07	4.00	4.04	4.10	4.02	3.95	3.98	3.76	3.76	3.91

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $313,477K ÷ $116,457K
= 2.69

Idacorp, Inc.'s interest coverage ratio fluctuated over the past eight quarters, with values ranging from 1.96 to 2.96. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income. A higher interest coverage ratio typically indicates that the company is in a better position to fulfill its interest payments.

The trend in Idacorp's interest coverage ratio shows a slight decline in recent quarters, from 2.96 in Q2 2022 to 2.44 in Q4 2023. While the ratio remains above 1, indicating that the company is generating enough income to cover its interest expenses, the decreasing trend suggests that the company's ability to meet its interest obligations may be weakening.

Overall, Idacorp, Inc.'s interest coverage ratio over the past eight quarters demonstrates relatively stable performance. However, it would be prudent for stakeholders to monitor this ratio closely to ensure the company's continued ability to meet its debt obligations.