IDACORP Inc (IDA)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Based on the data provided, IDACORP Inc's solvency ratios indicate a strong financial position in terms of its ability to meet its obligations.
1. Debt-to-assets ratio: It reveals the extent to which the company's assets are funded by debt. IDACORP Inc consistently shows a debt-to-assets ratio of 0.00 across all periods, indicating that the company's assets are primarily financed by equity rather than debt.
2. Debt-to-capital ratio: This ratio represents the proportion of debt financing in the company's capital structure. Similar to the debt-to-assets ratio, IDACORP Inc maintains a debt-to-capital ratio of 0.00 throughout the periods, indicating a high level of capitalization through equity rather than debt.
3. Debt-to-equity ratio: This ratio measures the company's level of financial leverage by comparing its total liabilities to shareholders' equity. With a debt-to-equity ratio of 0.00 consistently, IDACORP Inc shows that it relies more on equity financing rather than debt to support its operations.
4. Financial leverage ratio: This ratio reflects the company's ability to meet its financial obligations using both debt and equity. IDACORP Inc's financial leverage ratio has been relatively stable over the periods, ranging from 2.68 to 2.92. While this ratio has shown some fluctuations, it remains at a moderate level, indicating a balanced mix of debt and equity in the company's capital structure.
Overall, based on the solvency ratios analyzed, IDACORP Inc demonstrates a conservative approach to its capital structure, with a strong reliance on equity financing and minimal debt, which contributes to its sound solvency position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.62 | 2.34 | 2.44 | 2.47 | 2.80 | 3.34 | 3.48 | 3.58 | 3.66 | 3.57 | 3.63 | 3.79 | 3.82 | 3.89 | 3.87 | 3.69 | 3.62 | 3.63 | 3.55 | 3.49 |
IDACORP Inc's interest coverage ratio has shown a relatively stable trend over the specified time period. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt with its earnings before interest and taxes (EBIT).
The interest coverage ratio ranged from a low of 2.47 on March 31, 2024, to a high of 3.89 on September 30, 2021. Generally, a higher interest coverage ratio indicates the company is more capable of meeting its interest obligations from its operating income.
Throughout the period, the interest coverage ratio remained above 2.5, which is often considered a threshold for indicating a company's ability to cover its interest payments. The lowest point at 2.47 on March 31, 2024, may raise concerns about the company's ability to cover its interest expenses comfortably at that point in time.
The overall trend suggests that IDACORP Inc has been able to maintain an adequate level of interest coverage, though there have been fluctuations. It is essential for investors and creditors to monitor this ratio to assess the company's financial health and ability to manage its debt obligations.