Idacorp (Idacorp) Interest Expense : $-116 Mil (TTM As of Dec. 2023)

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What is Idacorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Idacorp's interest expense for the three months ended in Dec. 2023 was $ -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-116 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Idacorp's Operating Income for the three months ended in Dec. 2023 was $ 30 Mil. Idacorp's Interest Expense for the three months ended in Dec. 2023 was $ -33 Mil. Idacorp's Interest Coverage for the quarter that ended in Dec. 2023 was 0.92. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Idacorp Interest Expense Historical Data

The historical data trend for Idacorp's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Idacorp Interest Expense Chart

Idacorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-86.48

-87.43

-86.70

-89.38

-116.46

Idacorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-23.37	-25.50	-28.03	-30.03	-32.91

Idacorp Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-116 Mil.

Idacorp (NYSE:IDA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Idacorp's Interest Expense for the three months ended in Dec. 2023 was $-33 Mil. Its Operating Income for the three months ended in Dec. 2023 was $30 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,776 Mil.

Idacorp's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	30.279	/	-32.905
	=	0.92

The higher the ratio, the stronger the company's financial strength is.

Idacorp (Idacorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Idacorp Inc (NYSE:IDA) » Definitions » Interest Expense

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Traded in Other Exchanges

IDJ:Germany

Address

1221 West Idaho Street, Boise, ID, USA, 83702-5627

Website

https://www.idacorpinc.com

Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Majority of its total energy production. Idacorp mainly generates revenue from the sale of electricity to retail and wholesale customers. The Majority of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent important revenue streams.

Executives

Jeffrey L Malmen	officer: Vice President-Public Affairs	1221 WEST IDAHO STREET, BOISE ID 83702
Mitchel D Colburn	officer: VP of Plan, Eng, & Const (IPC)	1221 W IDAHO ST, BOISE ID 83702
Nate Jorgensen	director	PO BOX 50, BOISE ID 83728-0050
Susan Morris	director	ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Julia A Hilton	officer: VP and General Counsel	1221 W IDAHO ST, BOISE ID 83702
Dennis L Johnson	director	1221 W IDAHO ST, BOISE ID 83702
Jeff C Kinneeveauk	director	7300 EAST EARLL DRIVE, #3022, SCOTTSDALE AZ 85251
Mark T Peters	director	884 NEIL AVENUE, COLUMBUS OH 43215
Odette C Bolano	director	1726 N MOCKBEE PL, BOISE ID 83702
Christine King	director	AMIS HOLDINGS, INC., 2300 BUCKSKIN RD, POCATELLO ID 83201
Tom J Harvey	officer: VP of Power Supply (IPC)	1221 W IDAHO ST, BOISE ID 83702
Darrel T Anderson	officer: VP, CFO & Treasurer	1221 W IDAHO ST, BOISE ID 83702
Richard J Dahl	director	DOLE FOOD CO, 1 DOLE DRIVE, WESTLAKE CA 91362
Sarah E Griffin	officer: VP of Human Resources	1221 W IDAHO ST, BOISE ID 83702
Hanchey James Bo D	officer: VP of Cust Op & CSO	1221 W IDAHO ST, BOISE ID 83702