IDA (Idacorp) LT-Debt-to-Total-Asset : 0.34 (As of Sep. 2024)

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What is Idacorp LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Idacorp's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.34.

Idacorp's long-term debt to total assets ratio declined from Sep. 2023 (0.34) to Sep. 2024 (0.34). It may suggest that Idacorp is progressively becoming less dependent on debt to grow their business.

Idacorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Idacorp's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Idacorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.28

0.29

0.33

Idacorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.33	0.33	0.32	0.34

Idacorp LT-Debt-to-Total-Asset Calculation

Idacorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2775.79	/	8475.918
	=	0.33

Idacorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	3053.948	/	9105.118
	=	0.34

Idacorp (NYSE:IDA) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Idacorp LT-Debt-to-Total-Asset Related Terms

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Idacorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Idacorp Inc (NYSE:IDA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

IDJ:Germany 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

Hanchey James Bo D	officer: VP of Cust Op & CSO	1221 W IDAHO ST, BOISE ID 83702
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
Tom J Harvey	officer: VP of Power Supply (IPC)	1221 W IDAHO ST, BOISE ID 83702
Christine King	director	AMIS HOLDINGS, INC., 2300 BUCKSKIN RD, POCATELLO ID 83201
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