A Holistic Look At IDACORP, Inc. (NYSE:IDA)

I’ve been keeping an eye on IDACORP, Inc. (NYSE:IDA) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe IDA has a lot to offer. Basically, it is a dependable dividend-paying company that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, read the full report on IDACORP here.

Established dividend payer with adequate balance sheet

IDA’s strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This indicates that IDA has sufficient cash flows and proper cash management in place, which is an important determinant of the company’s health. IDA appears to have made good use of debt, producing operating cash levels of 0.27x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.

NYSE:IDA Historical Debt, March 11th 2019
NYSE:IDA Historical Debt, March 11th 2019

IDA is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.

NYSE:IDA Historical Dividend Yield, March 11th 2019
NYSE:IDA Historical Dividend Yield, March 11th 2019

Next Steps:

For IDACORP, I’ve compiled three essential factors you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for IDA’s future growth? Take a look at our free research report of analyst consensus for IDA’s outlook.
  2. Historical Performance: What has IDA’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of IDA? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.