IDACORP Balance Sheet Health
Financial Health criteria checks 1/6
IDACORP has a total shareholder equity of $2.9B and total debt of $2.8B, which brings its debt-to-equity ratio to 96.9%. Its total assets and total liabilities are $8.5B and $5.6B respectively. IDACORP's EBIT is $307.0M making its interest coverage ratio 2.5. It has cash and short-term investments of $327.4M.
Key information
96.9%
Debt to equity ratio
US$2.83b
Debt
Interest coverage ratio | 2.5x |
Cash | US$327.43m |
Equity | US$2.91b |
Total liabilities | US$5.56b |
Total assets | US$8.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IDJ's short term assets ($1.0B) exceed its short term liabilities ($634.1M).
Long Term Liabilities: IDJ's short term assets ($1.0B) do not cover its long term liabilities ($4.9B).
Debt to Equity History and Analysis
Debt Level: IDJ's net debt to equity ratio (85.7%) is considered high.
Reducing Debt: IDJ's debt to equity ratio has increased from 77.2% to 96.9% over the past 5 years.
Debt Coverage: IDJ's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: IDJ's interest payments on its debt are not well covered by EBIT (2.5x coverage).